Netflix is the movie mail rental company that singlehandedly gave Blockbuster a run for its money.  On May 7, Reed Hastings sold 10,000 shares of Netflix at a price of $42.52, instantly giving him access to $425,000.  However he does not want all of that money.

Reed supports the Swedish government model where there is a “50% levy on the ultra-rich.”  The “ultra-rich” includes “hedge fund managers, star athletes, stunning movie stars, venture capitalists, and the chief executives of private companies.”

“The president should take advantage of our success by using our outsized earnings to pay for the needs of our nation,” stated Hastings. “Please tax me more.”  Netflix hit 10 million customers as of 3 months ago.

[via Fool/BusinessInsider]

Netflix, Inc. has done it.  The movie mailing company has surpassed the 10 million customer mark.  Since January 1, 600,000 new customers have been added.  Netflix reported 9.4 million subscribers at the end of 2008.  “Ten million subscribers is a symbolic but meaningful achievement for our company,” stated Reed Hastings, Netflix co-founder and CEO. “From a subscriber standpoint, Netflix is singularly focused on making movie enjoyment easy, and we’ll strive to deliver on that promise in added and improved ways in the years to come.”

Netflix launched around September 1999 and added subscribers at an average annual rate of about 30%.  For 8 straight years, Netflix was rated the number one customer experience on the web by ForeSee Results, an Ann Arbor, Michigan based ratings company.