Netflix’s Hastings on stock price: Euphoric before, okay now
Reed Hastings, Netflix Source: Recode Reed Hastings, Netflix
Netflix CEO Reed Hastings hasn't been shy in the past about
complaining when investors were roller-coasting his company's
stock price, but now that the video streaming company's price is
hovering around $400 a share, he's OK with that.  In the fall of
2013, Hastings infamously took investors to task for running
Netflix's stock price up more than 400 percent in one year to
around $400 a share.  "There was this enormous euphoria" in the
stock price back then, Hastings said Thursday at the Code
Conference. "We've been down, we've been up."  More from
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car  What was the point of saying that?  "It's just honesty,"
Hastings said. "There just felt like there was this hype fest"
with the stock.  Netflix has been trading about $40 below its
52-week high share price of $458