Tag: Reed Hastings

Trial begins as Meta investors, Zuckerberg square off over alleged privacy violations

Trial begins as Meta investors, Zuckerberg square off over alleged privacy violations

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An $8 billion trial by Meta Platforms shareholders against Mark Zuckerberg and other current and former company leaders kicked off on Wednesday over claims they illegally harvested the data of Facebook users in violation of a 2012 agreement with the U.S. Federal Trade Commission. The trial started with a privacy expert for the plaintiffs, Neil […]

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Netflix co-CEO Reed Hastings steps down, as platform gains more subscribers in Q4

Netflix co-CEO Reed Hastings steps down, as platform gains more subscribers in Q4

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Netflix founder Reed Hastings. File. | Photo Credit: AP Netflix’s founder Reed Hastings on January 19 announced that he will be stepping down from his position as the co-Chief Executive Officer of the company. Greg Peters will step up from Chief Operating Officer to become the co-CEO alongside Ted Sarandos, the announcement read. In a […]

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