Facebook's move is a sign that it's serious about what could be a $100-billion initial public offering next year. Hastings guided the DVD rental service that he founded through an IPO in 2002.Signaling that it's seriously preparing for what some anticipate will be a $100-billion initial public offering next year, Facebook Inc.
By Robert Anders:Netflix, Inc. (NFLX) filed a Form 8-K with the SEC on Friday, Dec. 28, 2012, announcing salaries for its top executives. Included in the filing was the following compensation schedule.
Netflix Inc. is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.
A single sentence posted of Facebook has somewhat gaffe-prone Netflix Inc. chief executive Reed Hastings in hot water with the U.S. Securities and Exchange Commission.
Staff at the SEC say Mr. Hastings could face a civil claim for making a selective material disclosure about his company when he posted on July 1 that customers watched “over 1 billion hours” of videos on Netflix in June.