Some positive news for binary traders interested in binary FB. Netflix CEO buys $1 Million worth of stock, FaceBook stock.
Last summer, Reed Hastings bought the stock of $300 in a series of abysmal executive decisions.
The CEO just forked over over $1 million to buy new FB shares. He bought them at an average price $21.
The clear message that Reed Hastings is sending to investors is that his own company NFLX is still not low enough for him to even consider buying some of its shares.