Highlights

  • Netflix board has been discussing succession planning for many years
  • Netflix became a publicly traded company in early 2002 at an opening price of $15 a share

Latest news

Rahul Gandhi says 'Chinese sitting on Indian land'; asks Centre to deal with it 'firmly'

Rahul Gandhi says 'Chinese sitting on Indian land'; asks Centre to deal with it 'firmly'

Deepika Padukone visits Gaiety Galaxy theatre in incognito mode days after 'Pathaan's release

Deepika Padukone visits Gaiety Galaxy theatre in incognito mode days after 'Pathaan's release

Shah Rukh Khan greets fans outside Mannat for the first time post 'Pathaan's success

Shah Rukh Khan greets fans outside Mannat for the first time post 'Pathaan's success

Boris Johnson claims, Vladimir Putin 'threatened' to target him with missile attack

Boris Johnson claims, Vladimir Putin 'threatened' to target him with missile attack

Cop who shot Odisha Health Minister was being treated by psychiatrist

Cop who shot Odisha Health Minister was being treated by psychiatrist

Netflix co-founder steps down as it gains 230 mn subscribers

The change of the guard was announced as Netflix added subscribers that blew past even the most optimistic expectations

After 25 years of leadership, Netflix announced that co-founder Reed Hastings is stepping down as CEO.

The move comes after the US streaming giant ended last year with more than 230 million global subscribers, beating analysts' expectations as hits such as "Wednesday" and "Harry & Meghan" enticed new viewers.

Netflix became a publicly traded company in early 2002 at an opening price of $15 a share.

Shares in the streaming television service were up nearly 7 percent to $337.31 in after-market trades that followed release of the earnings figures.

Up Next

Netflix co-founder steps down as it gains 230 mn subscribers

Netflix co-founder steps down as it gains 230 mn subscribers

Not on company but 'calculated attack on India' and its growth story: Adani Group's response to report

Not on company but 'calculated attack on India' and its growth story: Adani Group's response to report

Budget 2023: What does the middle-class want

Budget 2023: What does the middle-class want

Budget 2023: What can taxpayers expect?

Budget 2023: What can taxpayers expect?

Bloodbath on Dalal Street, Adani stocks collapse

Bloodbath on Dalal Street, Adani stocks collapse

Budget 2023: What homebuyers can expect?

Budget 2023: What homebuyers can expect?

More videos

Elon Musk is now Mr. Tweet on Twitter

Elon Musk is now Mr. Tweet on Twitter

IBM cuts 3,900 jobs as tech layoffs continue

IBM cuts 3,900 jobs as tech layoffs continue

Budget 2023: Budget terms explained; Cess & Revenue Deficit

Budget 2023: Budget terms explained; Cess & Revenue Deficit

 Budget 2023: Tax & Non-tax revenue; Key terms explained

Budget 2023: Tax & Non-tax revenue; Key terms explained

Netflix's new co-CEOs confirm the end of password sharing

Netflix's new co-CEOs confirm the end of password sharing

Tech layoffs: Indian IT professionals now jobless scrambling for options to stay in the US

Tech layoffs: Indian IT professionals now jobless scrambling for options to stay in the US

Budget 2023: Fiscal deficit, direct & indirect tax; Key terms explained

Budget 2023: Fiscal deficit, direct & indirect tax; Key terms explained

Report says 88% young Indians are looking for a job change in 2023

Report says 88% young Indians are looking for a job change in 2023

Budget 2023: Travel, Tourism & Hospitality industry's expectations

Budget 2023: Travel, Tourism & Hospitality industry's expectations

Budget 2023: Here's what Agro-chemicals industry body ACFI wants

Budget 2023: Here's what Agro-chemicals industry body ACFI wants

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.