Facebook has a new "friend" in the boardroom. Netflix
The move may take some by surprise. Weren't some people touting Facebook as a Netflix killer three months ago? Time Warner
This week's board appointment pretty much confirms that Facebook and Netflix are friends, not foes. And it should be a symbiotic relationship. Facebook gets to pick the brain of the leader of a rare company that has excelled in premium digital distribution, and Hastings may be able to pick up a social-networking trick or two to help make his service stickier.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
posted better-than-expected quarterly results to end fiscal 2011, and the midpoint of its bottom-line guidance for the new fiscal year was ahead of where the pros were perched. I guess FedEx knows a thing or two about delivering. (NYSE: FDX)
shares soared 38% on Monday, after inking a local search deal with Google (NYSE: DEXO) . It gave a good chunk of that gain back the following day, but clearly, local search is a good place to be these days. (Nasdaq: GOOG)
- JANCO Partners upgraded shares of Sirius XM Radio
-- from "accumulate" to "buy" -- this week. Looks like some good karma for Karmazin and company. (Nasdaq: SIRI)
Until next week, I remain,
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Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He owns shares of Netflix and is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.