MENLO PARK, Calif. (AP) — Netflix Inc. CEO Reed Hastings gave his thumbs-up to Facebook by buying about $1 million worth of its stock. Hastings is a Facebook board member and the first insider at the social media company to disclose buying its stock since its initial public offering in May. Facebook’s stock has fallen [...]
SAN FRANCISCO — Netflix CEO Reed Hastings will pay a $1.5 million penalty for blunders that alienated the video subscription service’s customers and pulverized its stock. The punishment will be delivered with a 50 percent reduction in his stock option awards next year, according to regulatory documents filed Thursday. Instead of the $3 million stock [...]
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