David Wells is stepping down as CFO of Netflix, after eight years in the job, saying he wants to focus on philanthropy. The CFO job is likely to become tougher in coming years. Netflix has financed its expansion by borrowing money in the bond markets, making up for a shortfall on what its operations generate in cash. That strategy worked well when interest rates were near zero but now that rates...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
