So Netflix's founder and chief executive, Reed Hastings, tried to explain himself and made matters far worse.
Perhaps it could, although we believe that Reed Hastings and Netflix want to remain independent.
This summer Netflix CEO Reed Hastings posted a public update on his Facebook page.
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Netflix cofounder Reed Hastings is known for making the biggest business blunder of 2011.
Reed Hastings has served as a member of Facebook board of directors since June 2011.
Having said that, Reed Hastings , CEO, remains firmly in charge as the man behind the vision.
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In 1999, CEO Reed Hastings launched the company's no-late-fee, by-mail subscription service as an efficient alternative to Blockbuster.
Reed Hastings is making a bold bet on content, both licensed and internally produced, and paying handsomely for it.
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So Netflix CEO Reed Hastings makes the smart decision, and decides to begin to invest in their own original programming.
Investors may still have vivid memories of a similar apology by Reed Hastings, the CEO of Netflix (NASDAQ:NFLX) last year.
To date, Netflix boss Reed Hastings, the David of this scenario, has kept quiet, at least as far as jabs go.
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In a recent earnings call, Chief Executive Officer Reed Hastings said he expects subscriptions to be up in the next quarter.
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Reed Hastings, the CEO of Netflix, is learning to accept Icahn since he took a 10% stake in the company last fall.
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Sunday night, Reed Hastings, CEO of NetFlix, sent an email to customers rationalizing the new pricing structure and unveiled a new corporate structure.
But once greed and stupidity entered the picture, consumers told CEO Reed Hastings where to stick it, and investors scattered.
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In Dublin in late October CEO Reed Hastings set out a long-term vision for Netflix that embraced global distribution and mobile devices.
Netflix CEO Reed Hastings commented recently that he think it could do better on its own clearly signalling his preference to go on alone.
The remaining Facebook board members are Mark Zuckerberg, Sheryl Sandberg, Marc Andreessen, Erskine Bowles, Susan Desmond-Hellmann, Donald Graham, Reed Hastings and Peter Thiel.
It is that very limitation that angered Netflix CEO Reed Hastings.
Netflix CEO Reed Hastings, who is also on Facebook's board of directors, said that in some cases, Facebook friend recommendations can trump Netflix's vaunted algorithms.
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Netflix chief executive Reed Hastings has only answered questions about Netflix.
Digital Media Group CEO Jonathan Miller, Netflix CEO Reed Hastings and DARPA Director Regina Dugan, plus a tech demo from a startup called The Melt.
Reed Hastings needs all the friends he can get at the moment after infuriating people with a price hike that ended up costing Netflix subscribers.
Netflix co-founder and chief executive Reed Hastings is finding this out, to his grief and financial loss, as his actions cause brand believers to lose the faith.
Reed Hastings in his last earnings call said that NetFlix was able to benefit from keeping members happy, because happy members tell their friends and beget new members.
"What we've seen with House of Cards is a nice impact but a gentle impact, " Netflix Chief Executive Reed Hastings said on a conference call Monday evening.
More than a century later, the SEC has entered its own Flatland moment, by faulting Netflix boss Reed Hastings for using Facebook to share company news.
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The movie-rental company didn't back off a price hike it implemented in July, however an increase for which CEO Reed Hastings issued an apology for failing to explain it better.
Chief Executive Reed Hastings on his personal Facebook page.
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