Entertainment

Breaking: Netflix Co-Founder Reed Hastings Steps Down as Chairman

BBC Business

Breaking news: Reed Hastings, Netflix co-founder, steps down as chairman after 30 years, marking a pivotal moment for the streaming giant.

Reed Hastings steps down as Netflix chairman after 30 years.

Netflix reports a 16% revenue increase amid Hastings' departure.

The streaming giant faces fierce competition from social media and rivals.

New strategies include gaming, live sports, and video podcasts.

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