Netflix appears to be facing investigations from the SEC for Facebook posts regarding the amount of content subscribers were consuming in a given month ("nearly a billion hours"). The SEC felt that Netflix CEO acted unlawfully by providing this information and thus has given notice to Netflix. Netflix disclosed in its recent 8-K filing to the SEC that the company and Hastings each...
Netflix has endured a largely forgettable 2011, from their much publicized price hike, to their calamitous Qwikster spin off; the situation has even seen subscribers moving on to rival services because of the company’s “arrogance,” as CEO Reed Hastings put it. In fact, shares have dipped 63 percent since July, leaving investors to ask if the once great media giant could regain their...
It is becoming increasingly clear that everyone at Netflix has lost their minds. No, I'm not speaking metaphorically — I think they have honestly lost their collective minds. While raising their prices wasn't all that unexpected — in some ways, it even makes sense, if they want to speed the demise of the physical DVD service — this whole Qwikster debacle makes me wonder if they have...
If current hiring listings are anything to go by, Netflix is preparing to expand its services into a lot more of the world. According to Business Insider, Netflix has placed numerous job listings on its site that are looking to fill positions such as a director of global marketing communications and people fluent in “Dutch, French, German, Hindi, Italian, Japanese, Korean, Portuguese (...