Fox Business - The Power to Prosper
Search Site

Reed Hastings

Related Topics

  1. Julian Day
  2. Gary Kelly
  3. Howard Levine
  4. Paul Jacobs
  5. Meg Whitman
  6. Scott Thompson
Get updates on Reed Hastings
Icahn's Stake in Netflix Surpasses $1 Billion Paper Profit

For Carl Icahn, the gains on Netflix Inc. (NFLX) are streaming in.In a little over six months, Mr. Icahn has seen his investment in the video-by-demand company gain more than $1 billion.The activist billionaire's paper profits crossed that threshold on Wednesday thanks to a continued rally in the stock, which has pushed his roughly 10% stake higher and also changed his tone on the company. Once an activist play for Mr. Icahn, he is now content to defer to management. "We are obviously very happy," Mr. Icahn said Wednesday.Mr. Icahn purchased more than 5.5 million shares last year at a price around $58 a share. With shares up another 4.5% to $244.49 on Wednesday, a nearly two-year high, his position is worth around $1.35 billion.He said Wednesday he hasn't sold a single share, though the credit for that decision, he said, belonged to his investment partner David Schechter and his son Brett Icahn. Mr. Icahn compared it to Ulysses being tied to the mast so he wouldn't be tempted by the si...

Read More ›

  1. Netflix Cues Up Social Media Sites for Disclosure

    Netflix Inc. (NASDAQ:NFLX) is making it official: It "likes" social media.The streaming video service, which recently dodged a bullet from the Securities and Exchang...

  2. TECH STOCKS: Zynga, Apple Rise In Otherwise Weak Tech Action

    Much of the tech sector mirrored the broader market and was in the red Wednesday afternoon, with Zynga Inc. and Apple Inc. among the sector's few notable advancers.T...

  3. TECH STOCKS: Zynga, Apple Rise On Mixed Day For Tech Stocks

    Tech stocks sought to add to their previous day's gains Wednesday, with Zynga Inc. and Apple Inc. among the sector's advancers.However, the broader market momentum w...

  4. SEC Says Social Media OK For Corporate Disclosures

    The Securities and Exchange Commission said companies may use social media to make key disclosures, only if investors are alerted about which social media outlets wi...

  5. SEC: Social Media OK for Company Announcements

    The Securities and Exchange Commission released a report on Tuesday to clarify that companies can make announcements using social media websites like Facebook (NASDA...

  6. TECH STOCKS: BlackBerry Gets Late Boost; Netflix Leads Techs

    BlackBerry Inc. got a strong late-day boost on Wednesday on news of a large order for its latest smartphones, while the broader tech sector managed to stay positive ...

  7. TECH STOCKS: Netflix , VMware Gains Lead Tech's Rise

    Tech stocks showed signs of life in afternoon trading Wednesday, with gains from Netflix Inc. and VMware Inc. standing out in the sector's trading action.The Nasdaq ...

  8. Netflix Launches Closer Integration With Facebook

    Netflix Inc. on Wednesday introduced new features to its online video service that will let users link their Netflix accounts with Facebook . In a statement, Netflix...

  9. Facebook Names Second Female Board Member

    Facebook Inc. (FB) said Wednesday that University of California, San Francisco Chancellor Susan Desmond-Hellmann has been elected to be a company director, adding a ...

  10. TECH STOCKS: Zynga Gains, But Most Tech Stocks Fall Late

    Concerns about election results in Italy weighed on U.S. markets on Monday, which led to selling in tech stocks and left much of the sector in the red.The potential ...

  11. TECH STOCKS: Zynga, Netflix Gain As Tech Stocks Slip

    Shares of Zynga Inc. and Netflix Inc. made strong gains Monday, though much of the tech sector was weighed down by broad-market weakness by the early afternoon.The N...

  12. Netflix CEO Sees Big Gains From "House Of Cards"

    Netflix Inc. Chief Executive Reed Hastings said Tuesday that the company's original series "House of Cards" has so far been "a great success" since the show debuted ...

  1. How to Use Technology to Destroy Your Career

    I was just reading about how a woman dealt with an offensive joke-telling guy at a developer's conference by outing him on Twitter. He got fired. So did she. Both tr...

  2. After Solid Comeback, What's Next for Netflix ?

    Call it Wall Street's comeback story: In less than two years, Netflix (NASDAQ:NFLX) recovered from a major sell off triggered by a pricing misstep to become the best...

  3. Netflix has good hand with "House of Cards", shares soar 24 percent

    Netflix Inc impressed investors with solid subscriber growth and better-than-expected profits in the first quarter, sending shares of the video subscription service ...

  4. Netflix Swings to Profit, Shares Jump

    Netflix Inc. (NFLX) swung to a first-quarter profit as the movie-subscription company continued to add more Internet subscribers and also unveiled a new plan that wi...

  5. Netflix Expected to Boost Streaming Growth

    With the first season of its original series "House of Cards" in the books, Netflix Inc. (NFLX) is expected to be able to point to strong video-streaming subscriber ...

  6. Netflix Shares Rise; BTIG Starts Coverage At Buy

    Netflix Inc. shares climbed almost 5%, to $181.33 Monday, as BTIG analyst Richard Greenfield initiated coverage of the online video-streaming company with a buy rati...

  7. Netflix : News Coming Soon Via a Tweet Near You

    Netflix (NASDAQ:NFLX) told investors late Wednesday that it may use social media, including Twitter, to post "material information."The move makes it one of the firs...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Reed Hastings on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL