Netflix announces 10-for-1 stock split to make shares more accessible

Netflix has announced a 10-for-1 stock split, giving shareholders nine additional shares for every one they own. The move aims to make the shares more accessible to retail investors, as Netflix's current share price is above $1,000. This practice is not uncommon for booming companies, with Amazon and Nvidia also splitting their stocks in recent years. The split does not change the value an investor holds.