Netflix Hits the $100 Billion Mark

Netflix has hit the $100 billion mark for the first time. Shares jumped 9% to over $248 in after-hour trading on Monday. The company now sits with their program in more than 50% of all US broadband houses and has spread out to 190 countries.They ended the year with 1.98 million additional subscribers in the US and 117.58 million streaming subscribers around the world.

They actually plan to spend as much as $8 billion this year on TV shows and movies to compete with Disney,, Hulu and others.

Read more about them and their steady growth.