On a day when the stock market got creamed--at one point down more than 200 points--shares of Netflix were up more than 14 percent in early afternoon trading today. Irrational exuberance or the smart money laying bets?
Maybe a bit of both.
It turns out that Netflix, which now counts 20 million subscribers, has turned into a colossus when it comes to viewing movies on demand over the Internet. In a new study out from NPD, Netflix's share of digital movie units, either downloaded or streamed, was put at 61 percent between January and February.
Consider that the No. … Read more