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Sunday, 14 April 2019 05:21

Reed Hastings quits Facebook board

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Reed Hastings, the Netflix CEO, had left the Facebook board. He has been on social media’s board since 2011. 

Hastings has also assured that he will not run for re-election at the company’s annual shareholder meeting, which is scheduled for 30 May. 

Analysts say that Reed’s departure is sign of FB’s growing appetite for videos and Originals and getting into the field where it directly competes with Netflix.

Disney CEO Bob Iger said too is on Apple’s board, even as the two companies compete for customers for their respective streaming services.

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