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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |