Here's Why Netflix Will Likely Announce a Stock Split

Here's Why Netflix Will Likely Announce a Stock Split mphillips007 / Getty Images Netflix (Nasdaq: NFLX) has come a long way since its 2002 IPO price of $15. Founded in 1997 by Reed Hastings and Marc Randolph as a postal-mail DVD rental service, Netflix transformed the way media was consumed, thrusting content streaming into the spotlight in the early 2000s and leading to the demise of video stores like Blockbuster.With shares currently hovering around $561 and a trailing PE ratio of 55, the stage is set ...