Netflix co-CEO says many tech giants are 'data-exploiting': In a recent interview, Netflix (NFLX) co-CEO and co-founder Reed Hastings said many of the largest tech companies are “very data-exploiting” in their efforts to drive revenue through digital advertising. He contrasted that business model with Netflix, which relies on subscription fees and forgoes advertising.
“The four of them plus Microsoft are formidable,” he told Yahoo Finance Editor-in-Chief Andy Serwer on Sept. 3. “They've got much bigger market caps, they're multi-business lines, many of them have ad support and are very data-exploiting in that way — we don't have any of that.”
“We're just a simple, extremely great entertainment company,” he adds. “For about $15 a month, you get amazing content.”
“The four of them plus Microsoft are formidable,” he told Yahoo Finance Editor-in-Chief Andy Serwer on Sept. 3. “They've got much bigger market caps, they're multi-business lines, many of them have ad support and are very data-exploiting in that way — we don't have any of that.”
“We're just a simple, extremely great entertainment company,” he adds. “For about $15 a month, you get amazing content.”