News that Netflix's CEO Reed Hastings is joining the Board of Directors for Facebook should make for an interesting note in the next movie, but beyond that it's unclear what it means for either company. Hastings successfully navigated Netflix through the process of going public which many assume will be a next step for the social media giant, so his experience could come in handy, and also serves on the board of Microsoft, which owns a stake in Facebook. That goes without mentioning plans by Netflix to makeanother run at integrating social features into its movie service after the original implementation fell apart and Warner Bros. recently offering video on-demand through Facebook. Other than facing alawsuit from Paul Allen, Netflix and Facebook share an intense public backlash whenever either one changes their homepage, but we're not sure how he could help there -- have you seen theredesigned Netflix.com?
3:49 PM
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