Netflix co-founder Reed Hastings gave up his CEO position, becoming executive chairman, as the company reported a mixed fourth quarter. While subscriber growth was better than the company had projected, revenue barely rose, a sign that its introduction of a low-priced ad tier had brought in more users but at a cost to the topline. Hastings will become executive chairman while COO Greg Peter...
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SpaceX’s Starship Setback Could Hold Up Cellphone Ambitions
When SpaceX’s new Starship rocket exploded during a test flight in April, the company largely painted it as a success to have even gotten the 400-foot-tall behemoth off the ground. But inside the company, some employees were worried that the setback could delay, among other things, a SpaceX plan to provide wireless coverage to cellphones that are out of range of typical networks,...
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