NFLX could not find a buyer .... It is loud and clear
Yeah, I think you are right. I think they had planned to be taken over all along and that's why they split the business, so the streaming side could be sold to a company like Amazon, and the buyout fell through...so Hastings backed off from the split.
exactly, they got in early, now have huge positions, to unwind them would be very bad for their gain, they'd much rather be taken over by a huge company that would be un-affected by cashing in on their gains
ultamately they care less about 300 vs 100 than they do care about 100 vs 10 because all it would take is 40 percent of the institutional holdings to fully liquidate and this would be trading at 10 bucks a share
hastings is doing nothing to benefit the shareholders unless it benefits him even more