Netflix has become a more valuable company than the US oil giant ExxonMobil, as the streaming service benefits from increased viewing of television and films during coronavirus lockdown, the Guardian reports.

Shares in the company moved 5% higher in early trading on Wall Street on Thursday to a new record high of $448 (£360), taking its market value to $196bn.

At the same time ExxonMobil’s share price fell 3% to $39.30, giving it a market capitalisation of $166bn as the price of oil slumped. As recently as 2013 the company was the most valuable in the world, but is now worth about 13% as much as tech titans Apple and Microsoft.

Netflix, which has more than 160 million subscribers globally, was boosted by the success of original content released after lockdown measures were imposed around the world, such as...

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Dawan concern vhz lockdown?

Wow

And one albino rabbit was saying ExxonMobil is bigger than Africa.

Me sef, I av downloaded and seen more movies this April than I did in the entire 2018 and 2019 put together.