Netflix CEO acquires Facebook sharesAugust 11, 2012 - 11:19 AMT 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 Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |