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

Reed Hastings, Netflix co-founder, announced he will step down as CEO. His longtime partner and co-CEO, Ted Sarandos, and COO Greg Peters will be taking over. Hastings will serve as executive chairman. His decision came after Netflix added 7.66 million subscribers in December.

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