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Netflix Inc. (Nasdaq: NFLX) shares have surged 764% in just two-and-a-half years.
And yet there are still investors, analysts and businessmen who continue to doubt the company – choosing instead to believe that its meteoric rise is more flash than bang.
If you're part of that mix, you may want to reconsider your stance: Not only has Netflix revolutionized the way people rent movies – driving Blockbuster Inc. (PINK: BLOAQ) into bankruptcy in the process – it's now even revolutionizing the way people watch TV.
Having added 3.3 million subscribers in this year's first quarter, Netflix has some 23.6 million subscribers in North America alone. That's more than Comcast Corp. (Nasdaq: CMCSA, CMCSK), whose cable-subscriber ranks shrank by 39,000 to 22.76 million during the same three-month stretch.