Netflix Co-Founder Reed Hastings Steps Down as CEO, Streaming Service Adds Over 7 Million Subscribers in Q4 2022

Netflix Co-Founder Reed Hastings Steps Down as CEO, Streaming Service Adds Over 7 Million Subscribers in Q4 2022

Netflix co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company’s chief operating officer, Greg Peters. Sarandos and Peters will share the title of chief executives, with Hastings serving…