Now Netflix plans to use Facebook to save itself. O.K. Promoting yourself on Facebook - there's a novel idea!
"Watching content because my friend did really trumped the algorithm," (Netflix CEO) Hastings told his audience.
The algorithm he's referring to tracks your preferences, just like Amazon does. Hey - you like science fiction, so you may like this. Your friend likes this movie, so you may like it better than our algorithm thinks that you do.
I'm expecting a counter-trend rally this week, at the peak of which I'm laying out my first major short position with real money on the table. Yes, it is counter-intuitive to bet downward, but the market moves in two directions.
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