Netflix Stock Rallies After Company Hits Quarter Three Earnings Report

Netflix’s third quarter earnings release surprisingly surpassed its earnings expectations as it brought in $7.93 billion in revenue versus the $7.85 billion expected revenue. It crushed its net subscriber addition expectations as it brought in 2.41 million when it was only expected to add one million. The positive news caused the stock to rally after hours on October 18th as the stock gained 15%.

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CEO Pay Gaps Are Growing

The easiest way to define pay inequality is looking at how much a CEO is paid compared to the amount their employees are paid. The excessive amount that CEOs are paid not only matters because of general inequality, but it affects the entire pay structure within a company. The money that the CEO is being paid comes from the same place that everyone else’s’ pay is coming from as well.

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