Reed Hastings

According to a regulatory filing with the Securities and Exchange Commission on Friday, Netflix Inc. (NASDAQ: NFLX) Co-Chief Executive Officer Reed Hastings recently bought $20 million worth of shares in the company.  On Thursday, Jan. 20, after the bell, Netflix projected weaker...

Netflix Inc (NASDAQ: NFLX) is trading higher Thursday morning after Pershing Square's Bill Ackman announced he bought more than 3.1 million shares of the streaming giant, making Pershing Square a top-20 shareholder in the company. Ackman expressed admiration for Netflix co-founder and co-...

Hedge fund investor and Pershing Square Capital Management CEO Bill Ackman announced a new large purchase Wednesday, causing a bump in the share price of streaming giant Netflix Inc (NASDAQ: NFLX). What Happened: Ackman tweeted that Pershing Square purchased 3.1 million shares of Netflix, which...

Streaming giant Netflix Inc (NASDAQ: NFLX) operates with two co-CEOs. A new report from Variety shows how much the CEOs will be paid in 2022 for leading the company. What Happened: Netflix co-CEO Ted Sarandos, who joined the company in 2000, is set to be compensated $40 million in 2022....

Rights for original content continue to heat up for streaming companies. One area that has been hot in recent years is sports content as streaming companies lure this advertising stronghold away from traditional broadcasters. Netflix Inc (NASDAQ: NFLX) could grab rights for one of the largest...

Netflix Inc (NASDAQ: NFLX) Chairman and Co-CEO realized about $612.1 million from stock options in 2020, a regulatory filing revealed. What Happened: Hastings exercised his stock options to acquire a total of 1,327,634 shares of the subscription video-on-demand company through the...

Netflix Inc (NASDAQ: NFLX) reported first-quarter earnings after the close Tuesday night with shares of the streaming giant falling after the company missed original subscriber growth figures. The company is boosting its content slate for the second half of the year and hinted at adding...

Netflix releases hundreds of new movies and television episodes each month for its subscribers. One release coming later this month may catch viewer attention with a throwback to an earlier method of renting films.  What Happened: “The Last Blockbuster” documentary, which...

Netflix said it reached the 200-million subscriber mark in its fourth-quarter earnings report, and CEO Reed Hastings celebrated in a unique way. What Happened: Hastings, who co-founded Netflix Inc (NASDAQ: NFLX), continued his superstitious practice of celebrating company milestones with a...

Netflix Inc (NASDAQ: NFLX) co-CEO and co-founder Reed Hastings was interviewed by CNBC’s Andrew Ross Sorkin this week and shared his thoughts on the streaming video platform and its competitors. Netflix shares are up 55% in 2020. Tech Vs. Media: Hastings wants Netflix to be...

A shift to working from home for many companies has been a big trend throughout the COVID-19 pandemic. Here's what CEOs from some of the world's biggest companies have said about the trend since the onset of the pandemic. The Positives: “I think it made sense for the...

Netflix Inc. (NASDAQ: NFLX) is reducing picture quality in Europe to reduce data consumption by a quarter. What Happened Netflix is taking action to ease the pressure on Europe's internet providers. The streaming service will lower bitrates, aiming to cut data consumption by 25%. Higher...

Netflix, Inc. (NASDAQ: NFLX) reinvented how many of us watch movies at home, and later did the same for how we watch TV shows. It pretty much spelled the end of the video rental store business, and it was a pioneer in using algorithms to predict what customers might want. And many of us remember...

Netflix Inc (NASDAQ: NFLX) shares are up after reporting a third-quarter earnings beat. Earnings came in at $1.47, beating estimates by 33 cents. Sales came in at $5.245 billion, missing estimates by $50 million. Paid net adds totaled 6.8 million compared to the company's 7 million forecast and...

Software executive Marc Randolph co-founded Netflix Inc (NASDAQ: NFLX) with Reed Hastings in 1997, and the top priority from day one was to focus on the customer, Randolph said during a recent "Bloomberg Technology" interview. What Happened Netflix's core focus since the day it was...