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Netflix is valued like a tech company, but its CEO just said it was a media company

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Netflix CEO Hastings argued that his company is more of a media company than a tech company because it spends most of its money on content.

Netflix CEO Reed Hastings broke with his big tech peers Monday when he argued the company is actually more of a media operation than a tech one, Recode reported.

But as regulators and politicians have turned their eyes toward tech companies, Hastings has taken a decidedly different approach in calling Netflix a media company.

 

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Netflix CEO breaks with big tech, says his firm is actually a media companyNetflix CEO Hastings argued that his company is more of a media company than a tech company because it spends most of its money on content. Netflix will soon have advertisements in between shows. Just wait... Are they sure they want to identify as that right now, considering how Fatty Twitterbuckle Blowhole Pants blames the media for everything? Good give it a Media multiple!
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