Marc, we're bigger than U.S. Steel -Reed Hastings
Netflix growth dwarfs U.S. Steel Giants'

From the Cramerica blog:

Answering the Twitics: Neftlix (NFLX), U.S. Steel (X)

While tweeting about his favorite stocks, Cramer received a complaint from a "Twitic" who asked how Cramer could say Netflix (NFLX) is undervalued when it has a larger market cap than U.S. Steel (X). The quick answer: The stock deserves to have a larger market cap than U.S. Steel, because Neftlix keeps growing by leaps and bounds while U.S. Steel is virtually stagnant.

U.S. Steel, while it is a legendary company and a symbol for the entire Steel industry, is beset with liabilities and debt. The company doesn't deliver on earnings and has very low growth. Netflix's balance sheet is clean and the growth momentum is strong. While Netflix trades at twice its growth rate, a level too rich for Cramer, at least its multiple is comprehensible. U.S. Steel's multiple is very difficult to figure out, which is not helped by the fact that its earnings are shrinking. While there are worries about Netflix facing competition, at least it is not a cyclical play like U.S. Steel, which depends on the strength of the economy. While hard assets might seem more secure at first blush, the fact is that "hard assets don't matter so much anymore," said Cramer.

The bottom line? Netflix deserves to have a larger market cap and is a better and cheaper stock than X.