Netflix CEO Criticizes His Company's Critics
Published on January 23, 2018
Netflix posted a banner fourth quarter this year, reporting a record 8.33 million new subscribers. Shares of the stock jumped more than 8 percent following the news, reaching an all-time high at nearly $250 a share. While celebrating the news, CEO Reed Hastings said he was undeterred by tepid reviews by critics. “Bright,” pulled in 11 million views over its first three days, but the big-budget Will Smith vehicle earned a dismal 26 percent Rotten Tomatoes score.