CEO Reed Hastings thinks Netflix is ‘inoculated against’ a potential regulatory crackdown on tech companies (NFLX, FB)
|04/17/2018||Posted by BusinessMediaguide.Com under General World News||
- Regulators are talking seriously about imposing new regulations on Facebook and other big tech companies.
- But Netflix CEO Reed Hastings thinks his company will be unaffected by a regulatory crackdown.
- Unlike other tech giants, the streaming video company doesn’t sell ads, and is much more of a media company, he argued on a conference call following Netflix’s first-quarter earnings report.
- Hastings sits on Facebook’s board of directors.
In the wake of the Cambridge Analytica scandal and the Russian government’s alleged attempt to influence the 2016 presidential election, policymakers in the US and abroad are talking seriously about new regulations targeting big tech companies.
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