Archive for the ‘Reed Hastings’ Category

DreamBox Learning Raises $11 Million From Reed Hastings, John Doerr, Deborah Quazzo, and GSV Capital

Amit Chowdhry | December 7, 2011 | 295 views | Add a Comment
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DreamBox Learning is an e-learning company for students that has raised $11 million in a new round of funding. netflix CEO Reed Hastings, Kleiner Perkins partner John Doerr, Deborah Quazzo, and GSV Capital Corp. is participating in this round of funding. DreamBox has raised a total of $18 million in funding.

Netflix’s Stock Plummets After Company Warns Of More Subscriber Losses

Amit Chowdhry | October 25, 2011 | 351 views | Add a Comment
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The stock price of Netflix, Inc. (NASDAQ:NFLX) has plummeted about 34% in heavy trading today. This is one day after the company announced a loss of over 800,000 subscribers. The company is also expecting to lose many more subscribers after adjustments to the new separation of DVDs and streaming services model. The stock price is trading at about $78.01 as of the time I am writing this article. Yesterday, the company’s stock was trading at about $93.30. In July, the company’s stock was at $300. Since July, Netflix has lost a market value of about $9.76 billion.

Netflix Loses 810K U.S. Subscribers In Third Quarter

Amit Chowdhry | October 24, 2011 | 330 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) has lost a lot of subscribers due to a price hike and after they separated their streaming and DVD businesses. Netflix ended the third quarter with 23.8 million subscribers in the third quarter, which is down about 810,000 subscribers from the quarter before. Netflix forecasted their subscriber base to be at around 24 million.

Netflix Cancels Qwikster Plan

Amit Chowdhry | October 10, 2011 | 335 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) has had a change of heart. Instead of splitting their DVD service into a new website called Qwikster, Netflix is planning on keeping DVD rentals available from within its own website again. “This means no change: one website, one account, one password… in other words, no Qwikster,” said Netflix founder and CEO Reed Hastings in a blog post. [Netflix Blog]

Photo Of Silicon Valley Tech Titans and President Obama

Amit Chowdhry | February 18, 2011 | 1,307 views | Add a Comment
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The White House has uploaded some images on Flickr of President Barack Obama’s meeting with the tech titans of Silicon Valley. This photo symbolizes how the meeting went. The meeting was about how these executives plan to support entrepreneurship, increase exports, and strengthen the economy. The executives in this picture includes:

President Obama Meeting With Major Silicon Valley CEOs Today

Amit Chowdhry | February 17, 2011 | 1,378 views | 2 Comments
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President Barack Obama is making a trip to Silicon Valley today and is meeting with some major tech CEOs. The names of the executives that he is meeting was revealed by the L.A. Times. The meeting will be about supporting entrepreneurship, increasing exports, strengthening the economy, etc. Below is the list of people that he is meeting:

Netflix Responds To Hulu Plus, Drops Streaming Only Price To $7.99

Amit Chowdhry | November 22, 2010 | 1,031 views | 1 Comment
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Netflix, Inc. (NASDAQ:NFLX) has launched a streaming-only plan for unlimited movies and TV shows for $7.99 per month. This price matches Hulu Plus. However Netflix bumped up the cost of its DVD/streaming plan to $9.99. Below is the full press release:

Netflix CEO Reed Hastings and The Charter Fund Acquire DreamBox Learning

Amit Chowdhry | April 21, 2010 | 1,560 views | 1 Comment
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Netflix, Inc. (NASDAQ:NFLX) CEO Reed Hastings has bought DreamBox Learning, an e-learning company. The acquisition was made through a partnership between Hastings and The Charter Fund. The acquisition includes a $10 million investment designed for promoting the growth of the company. Before Hastings was the CEO of Netflix, he was a math teacher. DreamBox has online games designed to make learning fun. Below is the full press release [paidContent].

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