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The Latest Breaking News from Reed Hastings

Reddit’s CEO has just become a billionaire—a staggering 20 years after co-founding the company fresh out of college with $12,000

It’s been exactly two decades since Huffman founded the company in 2005 with friend and college roommate Alexis Ohanian.

Fortune

Trump's H1B Visa Fee Is 'Purely Destructive,' Warns Economist Paul Krugman: Knocking Away 'Pillar Supporting American Greatness'

Economist Paul Krugman is warning that President Donald Trump’s newly instituted $100,000 fee for H-1B visa holders threatens to erode the foundations of U.S. economic and technological leadership.

Benzinga

What to know about Trump’s new $100,000 H-1B visa fee

White House proclamation announcing new visa fees has prompted questions and confusion – here’s what to know

The Guardian - US

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Elon Musk once vowed to ‘go to war’ for H-1Bs. Now he’s silent on Trump’s $100K fee—and smiling beside him at Charlie Kirk’s funeral

Musk inflamed a brutal Christmas-time conflict over the visas. Is he trying to win back Trump’s good graces now?

Fortune

One of Silicon Valley’s most prominent Democrats just called Trump’s $100k H-1B visa fee a 'great solution'

Other tech leaders, like Elon Musk, have said they will ‘go to war’ to defend the program.

Fortune

Netflix Co-Founder Reed Hastings Says Trump's $100,000 H-1B Visa Fee Is A 'Great Solution' Because Of These Reasons

Over the weekend, Netflix Inc. (NASDAQ:NFLX) co-founder and former CEO Reed Hastings backed Donald Trump's controversial $100,000 H-1B visa fee, calling it a "great solution" to fix the program's lottery system.

Benzinga

Netflix's Reed Hastings Once Said He Wants To Beat Disney In Family Animation — Now 'KPop Demon Hunters' Is Proving That Ambition Isn't Just Talk

Netflix Inc.'s (NASDAQ:NFLX) co-founder and former CEO Reed Hastings’ bold bid to rival Walt Disney Co. (NYSE:DIS) in family-friendly animation may finally be paying off, thanks to its record-breaking original film, "KPop Demon Hunters."

Benzinga

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Netflix HR Director Recommends Cutting Off Underperforming Employees To Keep The Best Ones Happy

Netflix prioritises a high-performance culture by quickly removing underperforming employees, a strategy defended by former HR director Cheick Soumaré.

International Business Times UK

Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers

The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul…

The Conversation

Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts

Netflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money

The Independent UK

Netflix CEO's $7M Gift to Kamala Harris Triggers Netflix Cancellation Frenzy – Will It Cost Them?

A cancellation surge hit Netflix after CEO Reed Hastings donated $7 million to Kamala Harris's presidential campaign, sparking outrage among conservative users. D

International Business Times UK

Netflix sees spike in cancelations after founder endorsed Harris for president

Reed Hastings’s endorsement of the vice president on July 23 sparked fury among MAGA supporters

The Independent UK

Netflix's co-CEO shares how a video store job helped launch his career—and this lesson from Tony Bennett

"It was an MBA course and film school all wrapped up into one for me," he said.

Fortune

Meet the ultra-rich Trump and Harris backers

There are billionaires on both sides of the aisle this November. Here’s where they fall:

Fortune

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The Guardian - US

Venture capitalists including Mark Cuban back Kamala Harris’s campaign

More than 100 Silicon Valley investors, including LinkedIn co-founder Reed Hastings, launch website VCs for Kamala

Fortune

Silicon Valley tech titans are taking sides in the presidential election. See who's supporting Donald Trump—and pulling for Kamala Harris

Elon Musk is backing Trump, but Reed Hastings is supporting Harris.

Multichannel News

Reed Hastings Backs Harris Campaign With $7 Million Donation

The Netflix chairman is one of the many who have helped the campaign raise $250 million since Sunday afternoon

Broadcasting & Cable

Why That Peacock-Paramount Plus Rollup Seems Inevitable

Also in this week's 'Next Text,' we poke 'The Bear' to see if it's been vastly overrated, we ponder YouTube's lofty valuation ... and we review a shifty review from a certain Hollywood trade

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International Business Times

US Elections 2024: After Reed Hastings, Disney Heiress Urges Biden To Withdraw

A Disney heiress has joined the growing list of Democratic Party supporters who have publicly called on U.S. President Joe Biden to withdraw from the 2024 presidential race amid concerns over his fitness for office.

The Guardian - AU

Powerful Democratic backers to pause donations until Joe Biden steps aside

Abigail Disney says choice to suspend donations is based on ‘realism, not disrespect’, and suggests Kamala Harris as an alternative

The Independent UK

Netflix co-founder and major Democratic donor calls for Biden to exit race

Reed Hastings said a new Democratic presidential candidate is needed to ‘beat Trump and keep us safe and prosperous’

Broadcasting & Cable

Netflix Co-Founder Reed Hastings Sticks His Neck Out on Biden Debate

The frequent donor to Democratic causes and candidates states a strong opinion on whether President Biden should abandon his fraught re-election bid

The Guardian - US

Netflix co-founder and Democratic megadonor calls for Biden to step aside

Reed Hastings one of first major party donors to urge Biden to bow out, telling him to make room for a ‘vigorous’ leader

Fortune

Netflix wants managers to ask themselves whether they would rehire their current employees—and fire them, if the answer is no

"We encourage everyone to speak to their managers about what’s going well and what’s not on a regular basis. This helps avoid surprises."

Broadcasting & Cable

Netflix Releases Version 4.0 of Its 'Culture Memo': Shorter New Iteration Provides Some Boundaries to Abject Personal Freedom

The first 'Culture Memo' published post-Reed Hastings still defines Netflix as a destination for 'Dream Team' employees, but it now acknowledges the need for some structure

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