Netflix CEO Reed Hastings on Amazon: ‘They’re Awfully Scary’

Reed Hastings, Netflix’s co-founder, chairman and CEO, acknowledged that Amazon is a very large and formidable rival — even as he praised the e-commerce giant as helping to grow the streaming-video sector. “We’re continuing to watch them and be impressed with them,” Hastings said in an interview on CNBC’s “Squawk Alley” Wednesday. “They’re helping to... Read more » Todd Spangler