Netflix's 4,181% return from 2010 to the present makes it the S&P 500's best performer of the decade, CNBC reports.
The big picture: Netflix was the catalyst for the now-ubiquitous streaming wars that have overloaded dozens of major platforms with live and on-demand video.
Where it stands: Netflix's current market cap — nearly $148 billion — makes it one of the 40 most valuable companies in the U.S., per CNBC.
Yes, but: Netflix faces emboldened competitors loaded with cash, like Disney+ and Apple TV, and the streaming giant may have to spend more on content to retain customers and subscriptions. More competitors also mean more platforms are vying for the same top talent.
Go deeper: The streaming battlefield is getting crowded
