As July 8, 2010, Hastings Reed, CEO, sold all his holdings in NFLX. Does he have confident in his company's future? NO.
That is a good news for those NFLX's bulls.
Please check Yahoo Finance's Major Holders.
The crime scene
but as i said:
restructured bbi will be more deadly to bust netflix
ncr keeps rolling out vending machines big time nation wide
red box and bbi vending machines and new hd dvd rentals ...for a $1?
content owners rule streaming next not reed hastings and the criminal knew it and know it
scam bubble planning was done by reed hastings/jeff bezos/goldman sachs........................
one big criminal gang hijacked wall street casino
fbi/sec/washington traitor rulers all in their pockets
rotten eggs ..........do not hatch
stink stink from pump farts
an empty scam shell=netflix
shills bash and pump a criminal bubble scam
enron was fortune 500 company?lol
this scam is empty shell scam now
Yes. It shows he own 0 shares. You post makes it sound like he just dumped all of his holdings, but he didn't. You can also see from Yahoo Finance here:
He has options for 1.3M shares. For YEARS he has been automatically selling shares as the options vest. Nothing new here. You probably thought he was bailing out when he sold shares when they were $20.
THAT CRIMINAL CROOK RAPED SHARE HOLDER CASH AND TURNED NETFLIX TO SHELL SCAM NEXT...................HOUSE OF CARDS =ENRON STYLE SCAM
THE CRIMINAL PLANNED THE BUBBLE SCAM: I AM STILL SURPRISED WHY NO INSTITUTIONAL SQUEEZED VICTIM HAS NOT SURFACED AND SCREAMED FRAUD IN THE OPEN YET?
GOLDMAN SACHS FRAUD SOFTWARE MACHINE CONTROLLING TRADING PIT
lol 2013 to zippo=enron
Jan 2012 puts ..best bet against reed hastings crime bubble scam
no new suckers available: the trap scam ticking radiated nuke
Slaughter of sucker bag holders is zillion times for sure
park Leap puts..........Retail and watch the scam criminal manipulated pit for now.
CRIME SCENE and GOLDMAN SACHS high frequency scam software at display
US Postal Service Proposes 7% Rate Increase for DVD Mailers
Update: Netflix's Steve Swasey on the proposed rate increase: "Netflix believes a stronger, more viable Postal Service with predictable service and affordable rates is preferable to a weakened Postal Service. To that end, we believe the multiple proposals put forward by the Postal Service in its “Action Plan for the Future” will help secure its viability for many years to come and help assure that our nation continues to enjoy reliable, trusted and affordable mail service. Netflix believes the United States Postal Service should have the ability to adjust to changes in technology and consumer demand."
Facing a projected $7 billion shortfall in 2011, the troubled US Postal Service is looking at dramatic changes to save money, including changing to 5 day service and raising postage rates. The new proposed rates for DVD mailers would increase by 7%, and according to NewTeeVee's calculations, the increase could cost Netflix $50 million or more in increased postage costs (Netflix spends more than $600 million per year on postage). The price increase would not go into effect until next January, if approved by the Postal Regulatory Commission.
Netflix's Andy Rendich recently testified before the Senate about the challenges the US Postal Service faces, and Rendich noted, "As such, we believe that the impact of a change in delivery frequency on our subscribers and our business would be relatively small."
Rendich on a rate increase: "We believe that additional rate increases necessary to cover the Postal Service's retiree health funding obligation will unnecessarily impact businesses and consumers that utilize the Postal Service. Companies like Netflix will either have to bear the impact of this increase or pass that cost along to customers. In eithe rcase, we believe that these additional costs will only further exacerbate the challenges faced by the Postal Service -- making their products more expensive and further negatively impacting mail volumes."
The US Postal Service estimated in 2007 that hand-sorting DVD mailers from Netflix and Blockbuster was costing the US Postal service tens of millions of dollars in labor costs, and that number could grow to more than $30 million or more by 2010.