May 29, 2002: Netflix initiated Public Offering at $15/share
2002– Netflix, the rental movie-by-mail service, initiated their Public offering. They sold 5,500,000 starting at $15 a share. They sold an additional 825,000 the next day. Of course, the Netflix stock has fluctuated over the years, including 2011, when CEO Reed Hastings tried to split their online and DVD rentals, then announced Qwikster – with hopes to sell that side of the company. Of course, he retracted that statement, but not before loosing 2/3 of stock price (was at $291 in 2011, now at $70 / share).
Full Day in Tech History podcast show notes for May 29
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- Vim 4.0 is released
- believeinkids.com became the 5 millionth domain name
- IEEE 1394 officially becomes “Firewire”
