Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday November 22, 2011

Reed Hastings Won't Be Microsoft's CEO?

If there ever was a chance of Reed Hasting becoming Microsoft's died a couple weeks ago. Hell, I can't believe he's still CEO of his own company. big grin

After a string of setbacks and missteps, Netflix delivered more bad news on Monday. The company is in need of cash. Netflix announced that the Web's top video rental service would raise $400 million by selling convertible notes and through a private placement. More worrisome still, the company also predicted a loss for 2012--after initially projecting a loss for only the first quarter.