OPINION: Who's the More Mature CEO? Zuckerberg... or Hastings?
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Mark Zuckerberg - CEO of Facebook (Nasdaq: FB) the world's largest social media network. Started the company at a young age, grew it enough to go public in 2012 just ahead of his 27th birthday. Wears hoodies to most events, but is happily married.
Reed Hastings - CEO of Netflix (Nasdaq: NFLX), arguably the world's largest streamer of video content to U.S. households outside of the Internet itself. Founded Netflix around the age of 38 and explicitly goes out of his way to rub it in the U.S. SEC's face that he won the battle over where to disclose material information related to a public company. Oh, he's also married.
On Wednesday, Netflix disclosed new sites it might post information related to company operations. That list includes the typical company homepage and blog, as well as Reed Hastings public Facebook page. To make a long story short, Hastings made a rogue post last year that the SEC though violated rules of disclosure (Reg FD) among public companies when he talked about how many hours were viewed in a given month (one billion, at the time). So, the SEC recently said it was kosher for companies to post on social media sites like Facebook, Twitter, heck, even Tumblr. All the company has to do is register it.
Hastings wasted no time, and today posted on his personal Facebook page that the company streamed 4 billion hours in the first quarter.
Now, we know that Hastings is no dummy as Netflix is a formidable force. But, given the flack that Zuckerberg took ahead of and following the IPO of Facebook last year over whether or not he was mature enough to lead such a company now that it had public investors, one has to ask the question of who really is mature enough to lead a public company?
Netflix is higher in late trading Thursday, while Facebook is lower after finishing 1.6 percent better on the session.
Reed Hastings - CEO of Netflix (Nasdaq: NFLX), arguably the world's largest streamer of video content to U.S. households outside of the Internet itself. Founded Netflix around the age of 38 and explicitly goes out of his way to rub it in the U.S. SEC's face that he won the battle over where to disclose material information related to a public company. Oh, he's also married.
On Wednesday, Netflix disclosed new sites it might post information related to company operations. That list includes the typical company homepage and blog, as well as Reed Hastings public Facebook page. To make a long story short, Hastings made a rogue post last year that the SEC though violated rules of disclosure (Reg FD) among public companies when he talked about how many hours were viewed in a given month (one billion, at the time). So, the SEC recently said it was kosher for companies to post on social media sites like Facebook, Twitter, heck, even Tumblr. All the company has to do is register it.
Hastings wasted no time, and today posted on his personal Facebook page that the company streamed 4 billion hours in the first quarter.
Now, we know that Hastings is no dummy as Netflix is a formidable force. But, given the flack that Zuckerberg took ahead of and following the IPO of Facebook last year over whether or not he was mature enough to lead such a company now that it had public investors, one has to ask the question of who really is mature enough to lead a public company?
Netflix is higher in late trading Thursday, while Facebook is lower after finishing 1.6 percent better on the session.
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