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Old 16-08-12   #1
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Netflix CEO Buys $1 Million in Facebook Shares


It's not only for erodov member, It's a world news for all the visitors who visit to our forum for something new and interesting news.



Netflix Inc. CEO Reed Hastings gave his thumbs-up to Facebook by buying about $1 million worth of its stock.
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 percent since it first sold public shares to investors at $38. It was one of the most anticipated IPOs, but investors have been questioning its ability to keep increasing its revenue.

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

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



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Old 16-08-12   #2
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Re: Netflix CEO Buys $1 Million in Facebook Shares

Hahaha .. could be a pump and dump ... I expect the stock to collapse 50% more by end of the year.
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Old 16-08-12   #3
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Re: Netflix CEO Buys $1 Million in Facebook Shares

Yeah !! it has a large userbase but it can't seem to generate enough revenues !!
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Old 16-08-12   #4
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Re: Netflix CEO Buys $1 Million in Facebook Shares

Originally Posted by ManISinJpr View Post
Yeah !! it has a large userbase but it can't seem to generate enough revenues !!
1. The userbase is saturated. Maybe allowing dead and unborn people will increase that significantly but that has been ruled out for now.

2. Large userbase does not necessarily mean large profits but it does mean larger expenses.
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Old 16-08-12   #5
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Re: Netflix CEO Buys $1 Million in Facebook Shares

I meant the userbase which logs on on a daily bases, their monetization is flawed.. coz the eyeballs is not being converted into higher ad revenues !! that is a big concern for me !
and yes, the large the userbase the higher will be the running costs in man and machines !
Originally Posted by vijayninel View Post
1. The userbase is saturated. Maybe allowing dead and unborn people will increase that significantly but that has been ruled out for now.

2. Large userbase does not necessarily mean large profits but it does mean larger expenses.
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Old 16-08-12   #6
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Re: Netflix CEO Buys $1 Million in Facebook Shares

The folks at facebook clearly are overwhelmed at their success and couldn't find out a thing to do with the large accumulated cash. They thought making it a public IPO should fetch more money. But they completely overlooked the current grim situation of world economy where people are not investing money in just about anything anymore ~ they have become much much more cautious.

Facebook has lost quite a bit of their image because of their obnoxious decisions. ADs popping out everywhere, forcing you to do idiotic setting changes, to what not. That is being reflected in their revenues and stock prices as well. No wonder they lost some key people in one week..

If this continues, the empire is going to come tumbling down pretty often, and 'The social network' will be nothing but a cruel joke and a slap in the face of you know who
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Old 16-08-12   #7
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Re: Netflix CEO Buys $1 Million in Facebook Shares

Another reason for the shares to tank again !!

http://mashable.com/2012/08/15/facebook-stock-lockou/
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