Reed Hastings

During the formative years of Netflix Inc. (NASDAQ:NFLX), co-founders Marc Randolph and Reed Hastings made a bold decision to decline an acquisition proposal from Jeff Bezos, the founder of Amazon Inc. (NASDAQ:AMZN). What Happened: According to a recent interview, Hastings ...

Vice President Kamala Harris has landed key endorsements and donations from the entertainment industry ahead of her likely nomination for president in the 2024 election. What Happened: Harris gained support and endorsements from key members of Congress in her fight to secure the Democratic Party's...

In a significant move, Netflix (NASDAQ:NFLX) co-founder, Reed Hastings, has pledged a record $7 million to a super PAC supporting Vice President Kamala Harris‘ presidential campaign. What Happened: This marks Hastings’ largest-ever single candidate donation. Despite his initial...

Netflix Inc. (NASDAQ:NFLX) has updated its famous “keeper test” in its culture memo, a tool used to identify and remove underperforming employees. What Happened: The “keeper test” is a method used by Netflix managers to determine whether they would fight to retain an...

Reed Hastings, the co-founder of Netflix Inc (NASDAQ:NFLX), recently revealed that he has been following a business philosophy inspired by Jeff Bezos, the former CEO of Amazon.com Inc (NASDAQ:AMZN). What Happened: Hastings, who co-founded Netflix in 1997 and now chairs the $260 billion streaming...

Meta Platforms Inc (NASDAQ:META) is under scrutiny again about its use of customers’ data after recently unveiled court filings allege the company, as Facebook, entered into a data sharing agreement with Netflix Inc (NASDAQ:NFLX) that allowed the video streaming service access to users...

In a notable act of philanthropy, Reed Hastings, co-founder of streaming behemoth Netflix Inc (NASDAQ:NFLX), has gifted $1.1 billion worth of his Netflix holdings to the Silicon Valley Community Foundation, a charity beloved by tech magnates. What Happened: The generous...

Actor Seth Rogen has a new series coming to streaming platform Apple TV+ in May. Despite his existing relationship with the Apple Inc (NASDAQ: AAPL)-owned streaming platform, Rogen didn’t hold back in his comments about the salaries of the streaming company's executives and...

Streaming giant Netflix Inc (NASDAQ: NFLX) was one of many technology companies faced with making job cuts in 2022. The layoffs came in the wake of the post-COVID 19 world, high inflation and a focus on cost-cutting. For those fortunate enough to possess the skills that align with in-demand jobs at...

Two of the biggest names in the streaming sector saw a jump in their salary. Here’s a look at how much Netflix Inc's (NASDAQ: NFLX) top bosses made in 2022. What Happened: Netflix continues to be one of the largest streaming companies in the world, ending the recent first quarter with 232...

Reed Hastings, who co-founded Netflix (NASDAQ:NFLX) along with Marc Randolph in 1997 and was at the helm of the streaming giant since 1998, stepped down in January this year. It now appears that he has moved on to his next assignment. What Happened: Hastings has now become the co-owner of the...

Netflix Inc. (NASDAQ:NFLX) users will now have to pay more if they intend to keep sharing their accounts with friends and family who don’t live with them. What Happened: While announcing the earnings report on Thursday, Netflix said that it is planning to enforce new password-sharing rules...

Netflix Inc (NASDAQ: NFLX) outgoing co-CEO Reed Hastings said The Walt Disney Co-owned (NYSE: DIS) Hulu is a model when it comes to advertising-service tier. What Happened: Hastings said on the company’s fourth-quarter earnings call that Hulu has a “10-year head start...

Major Wall Street indices closed in the red on Thursday after U.S. unemployment data showed the labor market continues to remain resilient, a factor considered to be crucial in driving the Federal Reserve’s future policies. The weekly jobless claims fell by 15,000 to 190,000 while...

Netflix Inc (NASDAQ: NFLX) reported its fourth-quarter earnings results after the bell Thursday. Here's a rundown of the streaming company's results.  What Happened: Netflix said fourth-quarter revenue increased 2% year-over-year to $7.85 billion, which beat average analyst...