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Reed Hastings facts

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Reed Hasting started Netflix after receiving $40 in late fees when returning Apollo 13.

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In 2006, CNN included Facebook founder Mark Zuckerberg, Netflix CEO Reed Hastings, and Microsoft CEO Steve Ballmer on their "10 People Who Don't Matter" list.

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  1. Netflix's origin story "Reed Hasting came up with the idea for Netflix when he was hit with a $40 late fee on the movie Apollo 13" is BS and just a marketing tool.

  2. Reed Hastings has said that he was inspired to start Neflix after a $40 late fee on a VHS copy of Apollo 13.

  3. Reed Hastings was inspired to start Netflix after racking up a $40 late fee on a VHS copy of Apollo 13.

  4. In 2006 Business 2.0 put Mark Zuckerberg and Reed Hastings (Netflix founder & current CEO) on their list of "10 People who don't matter." Zuckerberg for turning down a $750 million buyout offer and Hastings for falling behind "online rivals such as iTunes and MovieLink."

  5. The idea behind Netflix came in 1997 after the CEO, Reed Hastings, was charged $40 for a late VHS copy of Apollo 13.

  6. Reed Hastings came up with the idea of Netflix after he had to pay a $40 overdue fee to Blockbuster

  7. Reed Hastings was inspired to start Netflix after acquiring a $40 late fee on a VHS copy of Apollo 13.

  8. Reed Hastings was inspired to start Netflix after a $40 late fee on a VHS copy of Apollo 13.

reed hastings facts
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You can easily fact check it by examining the linked well-known sources.

A businessman named Reed Hastings was appalled when was charge a $40 late fee while returning a DVD rental of Apollo 13. Hastings then went on to found Netflix later that year.

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