Good morning. Many companies continue to focus on growth even during uncertain times. Take, for instance, entertainment giant Netflix, a Fortune 500 company with a nearly $450 billion market cap that has big goals.
Becoming a trillion-dollar company is “a long-term ambition,” Ted Sarandos, co-CEO of Netflix told the audience during a fireside chat at Semafor’s World Economy Summit in Washington, D.C., on Wednesday. Netflix’s streaming services account for about 10% of total TV watching, and the company has “enormous room to grow,” he said. “In the previous five years, we doubled our revenue, we grew profits 10 times, and we grew our market cap three times,” he added.
