Reed Hasting Buys Shares of Facebook, Not Netflix

Netflix CEO Reed Hasting is so confident in his company, his stock, that he's buying up shares of Facebook, not Netflix. If I was a Netlix shareholder, I wouldn't be happy about this. In fact, Hastings not buying a small chunk of shares, no, he's buying a boat load of Facebook shares, as in he's buying $1 million worth of Facebook shares that is, 47,846 Facebook shares at a weighted average price of $21.03 each according to the WSJ. Facebook's share price has been cut in half since their IPO, so I guess Hasting thinks their cheap. Or

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Tagged $1 million, facebook shares, Netflix, reed hastings

Reed Hastings Stock Options Cut in Half

Is this really a punishment for Reed Hastings? When you look at Netflix's stock, perhaps Hastings realized that it's not done going down so why do I want stock options right now. Perhaps he said maybe I can make a statement by agreeing to cut my options in half so I can then get more stock at a cheaper price down the road.

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 option allowance he received this year, Hastings will get

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Tagged reed hastings, stock options

Reed Hastings Letter to Whitney Tilson: Don’t Go Long Our Stock

Honestly, Whitney, you're my friend, right? I know, I know, I know I was wrong to tell you NOT to short our stock a few months ago, but now I want to come clean and not let you lose money going long our stock this time. Yeah, it's getting a bit confusing isn't it. But Whitney, you are a wonderful human being and I want to save you from more pain with our stock. It's just that, we are freaking out over here at Netflix. Sure, the Qwikster fiasco and raising prices have put us in a bind, but things weren't

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Tagged Netflix, nonsense, reed hastings, whitney tilson

Whitney Tilson Goes Long Netflix

Whitney Tilson, the man wisely went short Netflix and then very unwisely took off his short trade is now going long the stock:

“It’s been frustrating to see our original investment thesis validated, yet not profit from it. It certainly highlights the importance of getting the timing right and maintaining your conviction even when the market moves against you. The core of our short thesis was always Netflix’s high valuation. In light of the stock’s collapse, we now think it’s cheap and today established a small long position. We hope it gets cheaper so we can add

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Tagged Netflix, reed hastings, whitney tilson

Saturday Night Live: The Netflix Apology

Here's a big reason why some traders are still SHORT shares of Netflix: they don't seem to know what the hell they're doing these days, as this Saturday Night Live skit demonstrates. The question though is how much lower can Netflix's stock go, it seems like every day it's hitting a new 52 week low, after reaching $300 a share just three months ago. Today the stock touched a new low of $103.13 a share. Many are saying the company will need to be rescued via a buyout by the likes of an Apple, Amazon, Dish Network or Comcast, at

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Tagged reed hastings, Saturday Night Live: The Netflix Apology

Whitney Tilson is Crying Over Netflix Short

Back on February 11, 2011 Whitney Tilson famously covered his short in Netflix. Crying uncle he gave in to the hype. Today, Netflix is down $100 from the point where he covered his short, the stock almost cut in half since then. When Tilson covered his Netflix trade it was $230 a share, right now it's sitting at $130 a share. Tears stream down Tilson's face as he sits at his trading desk, sobbing like a three year old how has lost his favorite toy. Asking himself why, why... Netflix has been a special stock the past few years,

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Tagged covered, enduring the pain, neflix, reed hastings, short, whitney tilson