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Benzinga
Benzinga
Business
Bibhu Pattnaik

Co-CEO Reed Hastings Buys $20M Of Netflix Shares Amid Stock Collapse

According to a regulatory filing with the Securities and Exchange Commission on Friday, Netflix Inc. (NASDAQ:NFLX) Co-Chief Executive Officer Reed Hastings recently bought $20 million worth of shares in the company. 

On Thursday, Jan. 20, after the bell, Netflix projected weaker subscriber growth going forward, causing the stock to plunge. 

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