Netflix co-founder Reed Hastings to exit company, saying it’s so strong it doesn’t need him anymore
The announcement came as Netflix reported first-quarter profits that shattered expectations, which it attributed in large part to faster-than-forecast subscriber growth, a recent price increase and the $2.8 billion breakup fee it received when its deal to acquire Warner Bros. Discovery collapsed.
https://www.marketwatch.com/story/netflix-shatters-profit-expectations-thanks-to-price-increase-and-2-8-billion-breakup-fee-from-warner-bros-ea3a80f8?mod=mw_rss_topstories
