// IP Marketing video - START// IP Marketing video - END

Netflix CEO acquires Facebook shares

Netflix CEO acquires Facebook shares

PanARMENIAN.Net - Netflix CEO Reed Hastings has given a thumbs-up to Facebook by buying about one million US dollars (£637,000) of its stock, Belfast Telegraph said.

Mr Hastings is a Facebook board member and the first insider at the social media company to disclose buying its stock since its initial public offering in May.

Facebook's stock has fallen nearly 45% since it first sold public shares to investors at 38 dollars (£24). It was one of the most anticipated IPOs, but investors have been questioning its ability to keep increasing its revenue.

Purchases by company executives or directors are typically considered a vote of confidence in the company.

A regulatory document filed on Thursday with the Securities and Exchange Commission shows that Mr Hastings bought nearly 48,000 shares on Wednesday at 21.03 dollars each. Facebook's stock closed that day at 20.72 dollars.

 Top stories
In the framework of DigiTec, a contest will be held for all technology start-ups by Russian GenerationS accelerator.
“We’re on a growth part. We’re not looking at acquisition,” the CEO said. “We’re one of the largest in the social editing platform.
"The advantage of this approach is that it requires fewer engineering design choices than previous systems," write the researchers.
A source familiar with matter claims that Google will claim it provides enhanced range over typical Wi-Fi routers.
Partner news