On a mixed day for the financial markets, with the Nasdaq up but the Dow falling in midday trading.
Netflix (NASDAQ: NFLX) is attempting to turn things around and is up a healthy 4.4% as of 10:20 a.m. ET.
Not just any old streaming, either. Netflix stock popped today specifically because its prospects of making a "go" of its planned new ad-supported streaming business got a boost today
New ad support acts as new revenue to the Netflix,it will bring new customers to the platform
This New Netflix strategy grab attention from Stock Trader.
You need to wait to know "How this strategy will give profits to Netflix?" It is cutting provided ad support at $7