Netflix Facts And Rumors

People around have been rediculing Netflix for the last 6 months with much degraded expectations.
But recent statistical figured revealed by Netflix indicate the video subscription service must be doing something right.
The company says more than 20 million subscribers worldwide watched more than 2 billion hours of old TV shows and movies on devices with high-speed Internet connections during the final three months of last year.

The numbers released Wednesday contributed to an 11 percent surge in Netflix Inc.'s stock price. The shares gained $8.21 to finish at $80.45. It marked Netflix's highest closing price in seven weeks.

The stock still remains far below of its all-time high of nearly $305 reached in mid-July. The steep decline followed a customer backlash triggered by Netflix's decision to raise its U.S. prices for Internet video and DVD-by-mail rentals by 60 percent. The growing usage of Netflix's Internet video service was interpreted as positive sign.