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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Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy. But as Musk’s ownership of Twitter nears the end of its third month, he has yet to release details of the new stock compensation plan, according to several employees. Employees at...
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