After meeting, Facebook’s Mark Zuckerberg not satisfied with president’s NSA surveillance explanation. Mom tries to teach daughter social media lesson, gets one herself. These stories, and more, in today’s Morning Social Media Newsfeed.
Facebook develops open-source programming language. Turkey bans Twitter, social networks finds workaround. These stories, and more, in today’s Morning Social Media Newsfeed.
Facebook makes page insights real-time and adds access to more previous data. Lionsgate Television plans to create a television show based on Twitter’s early days. These stories, and more, in today’s Morning Social Media Newsfeed.
In a letter to shareholders, Netflix CEO Reed Hastings shared ten reasons Internet TV will grow quickly over the next few years. He predicted:
Eventually, as linear TV is viewed less, the spectrum it now uses on cable and fiber will be reallocated to expanding data transmission. Satellite TV subscribers will be fewer, and mostly be in places where high-speed Internet (cable or fiber) is not available. The importance of high-speed Internet will increase.
We’ve collected his ten reasons below, a fascinating look at the way infrastructure and apps will evolve over the next few years. You should read his complete letter for more details.
The Securities and Exchange Commission has given the green light for companies to use social networks instead of press releases to disclose business information as long as investors have been notified which network will be used. The ruling clarifies confusion about how communications over social media were affected by Regulation FD, which requires companies to make disclosures about their performance in a publicly available format.
Yesterday Netflix CEO Reed Hastings unleashed his quarterly shareholder letter on the web, chock full of facts and figures about the company’s success, growth and initiatives in Q4 2012. But in addition to revealing numbers about Netflix members, profits, and original series, shareholders got to feast their eyes on a special little nugget—a Venn diagram proving that Netflix is irreplaceable by Hulu Plus, Amazon Prime and Redbox Instant—at least in terms of their streaming content offerings.
Netflix disclosed in a filing with the Securities and Exchange Commission today that the commission had warned the company and CEO Reed Hastings that it may bring a civil case against related to disclosures Hastings made about the state of the company’s business on his Facebook page.
Reed Hastings, CEO and co-founder, openly acknowledge the crushing negative feedback, saying, “I messed up. I owe everyone an explanation.”
Netflix is having some serious communication issues with its users and in every attempt to fix the problem, it seems like they only succeed in making things worse.
Mui points out that Hastings built the DVD business that toppled Blockbuster. He was motivated by a big idea “that mailing people DVDs was a mere way station on the road to streaming video.”