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Netflix Is All-In on Developing a New Cloud Gaming Platform. What Does It Mean for the Stock?

Netflix Is All-In on Developing a New Cloud Gaming Platform. What Does It Mean for the Stock?

Netflix (NASDAQ: NFLX) has become synonymous with subscription video-on-demand -- a notable feat for a company that started its life as a DVD-by-mail rental service. Netflix recently revealed it was building a cloud gaming platform, promising to deliver its titles across an array of connected devices. With Netflix getting into the game streaming market, there is certainly lots for investors to be excited about.