I wonder how Reed will spin the fact that Jay Hoag just sold a $100 million worth of stock?
5:11 pm NETFLIX INC NFLX HOAG JAY C
(Director) 2,331,060 $85.8 $200,000,053 13,194
6:10 pm NETFLIX INC NFLX HOAG JAY C
(Director) 450,000 $215.9 $97,164,915 10,647
Sentiment: Strong Sell
Perhaps he plans to buy back at $100?
I don't blame him for selling. Hell he is able to sell his stock at 700 times earnings right now today.
Not much confidence in the new $325 target though.