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Netflix co-founder Reed Hastings to step down as CEO


Netflix co-founder Reed Hastings to step down as CEO – CBS News


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Reed Hastings, co-founder and co-CEO of Netflix, is stepping down, the streaming giant announced Thursday. He will step into a new role as executive chairman. Michael Pachter, managing director of equity research at Wedbush Securities, joined CBS News to discuss what this means for Netflix’s future.

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