Netflix’s share price quadrupled in 2013

Video streaming platform Netflix recorded a fourfold increase in its share price in 2013 – significantly higher than other tech companies – according to research from Statista.

Despite worries about Netflix’s pricing model in 2011, which saw the firm’s share price drop 70%, the popular home of shows including House of Cards and Orange is the New Black recorded a 287% increase in share price between January and December last year.

While Facebook saw its share price increase 99% – marginally behind Yahoo! – Twitter, which entered the stock market in November at $26 a share, has already seen its share price rise 145%.

The news follows the release of the Global Social Media Impact Study, which found that 16-18 year olds are increasingly moving from Facebook on to other social platforms such as Twitter, Instagram, WhatsApp and Snapchat.

Yahoo!, LinkedIn, Google and Amazon also recorded strong growth, while tech giant Apple saw its share price rise just 1% in 2013.