Founder and CEO of Netflix Reed Hastings compares social media to television, which was viewed in the 1960s as “a vast wasteland” sure to rot the minds of humanity. “It turns out everybody was fine." MANU FERNANDEZ/AP Streaming service Netflix is famous for its unique culture. The most well-known example is the company’s no-vacation policy, which allows employees to take off as many days as they choose, whenever they choose. That policy is just a symbol of a broader attitude in the company, according to CEO Reed Hastings. “There’s a whole lot of that freedom,” Hastings said on stage Saturday, at the TED conference in Vancouver. He purposely built Netflix to have a culture of open information sharing after his first company, Pure Software, struggled because it was too obsessed with creating processes to prevent mistakes from happening. “We were trying to dummy-proof the system, and eventually only dummies wanted to work there,” he said. Workers across the company are given updates on a wide range of Netflix's projects, not just the ones their department is working on.via