Netflix CEO And Microsoft Support Facebook Stock

Not everyone is dumping Facebook stock like dirty laundry. Netflix CEO Reed Hastings purchased roughly $1 million in shares of the social network, and Microsoft is reportedly holding onto its stake in the company.

Not everyone is dumping Facebook stock like dirty laundry. Netflix CEO Reed Hastings purchased roughly $1 million in shares of the social network, and Microsoft is reportedly holding onto its stake in the company.

Bloomberg reported Friday that Microsoft will not dump any of its Facebook stock, when companies are able to do Aug. 16, following a ban on sales. The software giant owns 26.2 million shares in Facebook, roughly 1.7 percent. Microsoft’s stake is worth nearly $572 million.

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