Netflix co-founder Reed Hastings steps down as CEO
Netflix co-founder Reed Hastings steps down as CEO
Amidst soaring numbers of subscribers in Netflix, Hastings stepped down, ending a two-decade long leadership.
Amidst soaring numbers of subscribers in Netflix, Hastings stepped down, ending a two-decade long leadership.
US streaming giant Netflix has more than 230 million global subscribers.
US streaming giant Netflix has more than 230 million global subscribers.
In spite of a bumper fourth quarter earning. Netflix in a letter said, "2022 was a tough year”.
In spite of a bumper fourth quarter earning. Netflix in a letter said, "2022 was a tough year”.
"Our board has been discussing succession planning for many years (even founders need to evolve!)" Hastings said in a blog post.
"Our board has been discussing succession planning for many years (even founders need to evolve!)" Hastings said in a blog post.
Hastings is leaving the everyday control of Netflix to his two longtime associates Chief Operating Officer Greg Peters and Ted Sarandos.
Hastings is leaving the everyday control of Netflix to his two longtime associates Chief Operating Officer Greg Peters and Ted Sarandos.