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Shares of Netflix Inc. closed at a record high on Thursday, the latest sign that Wall Street is optimistic that a steady stream of hit shows will inspire subscribers to come.
Recent stock market gains have been fueled by the return or debut of well-known titles, including new seasons of “The Witcher” and the sitcom “Seinfeld”. But the latest came from the South Korean action drama series “Squid Game,” which Massive popularity appears to be an early indicator of stronger user trends, Bloomberg Intelligence wrote on Wednesday.
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