Netflix founder Reed Hastings stepping down as co-CEO | CNN Business

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Netflix says its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman

“Our board has been discussing succession planning for many years ,” Hastings wrote in a blog post on Thursday. “As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer — and in the last 2½ years I’ve increasingly delegated the management of Netflix to them.

The company said the growth also indicates that its ad-supported subscription offering, which launched in November, has gained traction. “It’s still early days for ads and we have lots to do,” the company wrote in a letter to shareholders. But it noted that engagement is better than what it had expected and “we believe the lower price point is driving incremental membership growth.

 

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I call it respect and maturity

Y?

Joe Biden issues should step down with Kamala Harris

CNN why are you not (BREAKING NEWS) reporting Florida Governor DeSantis just banned African American studies from being taught in public schools?

RIP Netflix

Wokeflix

So for 'good results we are offering lucrative exit package' 🤣🤣 so he will now feel this rule on his skin 🤣

Why not abble to rent new released movies?

Still not renewing.

Maybe they'll stop canceling shows increasing prices or changing what they mean by up to 4 TVs are in one sub.

Where is the calls for FBI Raids on Biden's home? Remember when you were foaming at the mouth with Donald? Nuclear codes. He is a liar, a fraud, a pedophile, a convict and you cover for this p..... t..

Yay. More democrats being pedophiles

It’s a video store Netflix is old fashion.

Is Elon buying that too?

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