Tag Archives: Reed Hastings
Netflix CEO Reed Hastings Complains About Comcast On Facebook
It’s been about two weeks since Netflix CEO Reed Hastings publicly bashed on Comcast from his personal Facebook account. Hastings bashed on them one more time because of the way that Comcast handles bandwidth. Hastings is accusing Comcast of violating “net neutrality” principles by favoring their own web video services over those offered by Netflix, HBO, and Hulu when it comes to data usage. Last month Hastings had also complained that he was not able to watch HBO Go on his Xbox.
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Categories Comcast, Comcast Corporation, Netflix, Reed Hastings
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DreamBox Learning Raises $11 Million From Reed Hastings, John Doerr, Deborah Quazzo, and GSV Capital
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.
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Categories Deborah Quazzo, DreamBox Learning, GSV Capital, John Doerr, Netflix, Reed Hastings
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Netflix’s Stock Plummets After Company Warns Of More Subscriber Losses
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.
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Categories Citigroup, Citigroup Inc., JPMorgan Chase and Co., Netflix, Reed Hastings
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Netflix Loses 810K U.S. Subscribers In Third Quarter
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.
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Categories David Wells, Netflix, Reed Hastings
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Netflix Cancels Qwikster Plan
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]
Categories Netflix, Qwikster, Reed Hastings
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Photo Of Silicon Valley Tech Titans and President Obama
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:
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Categories Art Levinson, Barack Obama, Carol Bartz, Cisco Systems, Cisco Systems Inc., Dick Costolo, Eric Schmidt, Facebook, Genentech, Google, John Chambers, John Doerr, John Hennessy, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Larry Ellison, Mark Zuckerberg, Netflix, Oracle Corporation, Reed Hastings, Stanford University, Steve Westly, Twitter, Westly Group, Yahoo!
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President Obama Meeting With Major Silicon Valley CEOs Today
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:
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Categories Art Levinson, Barack Obama, Carol Bartz, Cisco Systems, Cisco Systems Inc., Dick Costolo, Eric Schmidt, Facebook, Genentech, Google, John Chambers, John Doerr, John Hennessy, Kleiner Perkins, Kleiner Perkins Caufield & Byers, Larry Ellison, Mark Zuckerberg, Netflix, Oracle Corporation, Reed Hastings, Stanford University, Steve Westly, Twitter, Westly Group, Yahoo!
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Netflix Responds To Hulu Plus, Drops Streaming Only Price To $7.99
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:
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Categories Netflix, Reed Hastings
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Netflix CEO Reed Hastings and The Charter Fund Acquire DreamBox Learning
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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Categories DreamBox Learning, Netflix, Reed Hastings, The Charter Fund
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Netflix Founder Reed Hastings Wants To Be Taxed More
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]
Categories Netflix, Reed Hastings
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