Founder and CEO of Netflix Reed Hastings attends an interview with The Associated Press in … [+] Barcelona, Spain, Tuesday, Feb. 28, 2017. Netflix employees were personally affected by U.S. Pres...
Tag: Reed Hastings
Reed Hastings Steps Down As Netflix Co-CEO After Rocky Year For Streaming Service
Topline Netflix cofounder Reed Hastings stepped down as co-CEO after 25 years at the company’s helm, Netflix announced Thursday in its fourth quarter earnings report, after the streaming service added...
Stocks making the biggest moves after hours: Netflix, Nordstrom and more
Check out the companies making headlines in midday trading. Netflix – Shares of Netflix jumped 6.3% after the company’s per-share earnings came short of analysts’ expectations. Nevertheles...
Netflix’s Reed Hastings is giving up CEO role
Netflix co-founder and CEO, Reed Hastings, is in Sydney to meet with executives of other subscription streaming services, February 25, 2022. Wolter Peeters | Fairfax Media | Getty Images Netflix’...
Who would buy WWE, as McMahon returns to board to pursue sale
World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty ...
Password Sharing Crackdown And Ads Coming As Netflix Growth Bounces Back
Key Takeaways Netflix reversed their subscriber losses in Q3, adding 2.4 million new accounts Earnings per share are down from last year but beat analysts forecasts by 48% The positive result has been...
One Big Reason To Buy Woebegone Netflix Stock
Netflix app (Photo by Phil Barker/Future Publishing via Getty Images) Future Publishing via Getty Images NetflixNFLX , once a darling of the tech world, has had a spate of bad news lately. The streami...
Netflix Lays Off 300 More Employees Amid Subscriber Losses
Topline Netflix laid off 300 employees in a second round of cuts Thursday and confirmed plans to offer a cheaper ad-supported subscription tier, amid financial troubles after the streaming site lost h...
Does Acquiring Roku Make Sense For Netflix?
PARIS, FRANCE – MARCH 28: In this photo illustration, the Netflix media service provider’s logo is … [+] displayed on the screen of an iPhone in front of a television screen on March...
Netflix Has a Big Problem. Here’s the Math That Might Fix It
Illustration by Elias Stein Text size Netflix shares are off 70% this year, due in large part to the streaming-video company’s disastrous first-quarter earnings. Among other things, Netflix lost 200,0...
Roughly 150 Netflix Employees Laid Off After Subscriber Losses
Topline About 150 Netflix employees were laid off Tuesday, mostly in the United States, roughly a month after the streaming service reported a decrease in subscriber numbers for the first time in 10 y...
Netflix ads, password crackdown expected as early as this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness ...
Netflix Reels From Russia And Competition
Netflix logo (Photo by Chesnot/Getty Images) Getty Images The best bull markets ignore almost all news events. Traders do not care about unique disruptions like pandemics or wars. Macroeconomics get a...
Growth Story Is ‘Dunzo For Now’ As Analysts Slash Outlooks
Topline After plunging over 35% following the company’s first subscriber loss in over a decade, shares of streaming giant Netflix were hit with a wave of downgrades from Wall Street analysts on Wednes...
Netflix is exploring lower-priced, ad-supported plans after years of resisting
In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images After years of resisting advertisements o...
Netflix Co-CEO Reed Hastings Bought $20 Million of Stock
Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022,...