Netflix: Netflix co-founder Reed Hastings resigns as CEO, said…
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Pudhari Online Desk : Netflix : Netflix co-founder Reed Hastings has stepped down as CEO. After stepping down from that post, his long leadership of two decades has been confirmed. Hastings made the company an entertainment juggernaut from Rent by Mail DVD Seve. To resign, he said that this is the right time. He announced that he would be handing over the reins of Netflix to his longtime colleague and co-CEO Ted Sarandos and the company’s Chief Operating Officer Greg Peters.
Hastings said to give his resignation, we faced a challenge like Covid in the past. This has had a huge impact on our business. The Board and I believe that this is the right time to resign. The next command will be handed over to my successors.
According to the information received, Netflix’s shares would have been as empty as 38 percent last year. Later it increased by 6.1 percent. According to only a few reports, in the first six months of 2022, Netflix would be under tremendous pressure. And in the last quarter, Netflix earned bumper.
Netflix : Netflix Executive Chairman Sarandos and Chief Executive Officer Petersnear resigned. The company will accept his resignation with immediate effect.
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