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The Latest Breaking News from Reed Hastings

Co-Founder Reed Hastings Just Dumped $40 Million in Netflix Stock. Should You Ditch NFLX Too?

With 325 million paid members, operating income and free cash flow rising, and a 47-analyst "Moderate Buy" consensus plus average targets around $125-$130, implying mid‑teens upside from about $99, the setup favors holding or buying dips rather than ditching NFLX solely because its co‑founder trimmed a sliver of his stake.

Barchart

Gavin Newsom's anti-Zohran moment: the California billionaires tax that splits the Democratic Party down the middle

Zohran Mamdani said he doesn't think we should have billionaires. Gavin Newsom said he doesn't think California should have a billionaires tax.

Fortune

Netflix’s $82.7 billion rags-to-riches story: How the DVD-by-mail company swallowed Hollywood

The streaming giant has offered a master class in audacious strategy.

Fortune

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Netflix's competition isn't sleep anymore. Its battle against YouTube is like fighting an 'infinite number of monkeys,' top strategist says

Media disruption expert Doug Shapiro is writing a book about "infinite content" through his Substack, The Mediator. He talked to Fortune about what's next.

Fortune

The Real Reason Netflix CEO Spent $100 Million on a Popular Show Without Permission

Netflix's biggest gamble began with a £74 million decision made without approval. Here is why Netflix now spends billions on blockbuster shows and films.

International Business Times UK

Jared Kushner suddenly emerges in the Warner brawl between Paramount and Netflix, backed by Saudi billions and fresh off brokering another megadeal

Trump’s son-in-law is emerging as a central conduit for Gulf money moving into American media, and they’re backing the Ellisons and Paramount.

Fortune

Netflix cofounder started his career selling vacuums door-to-door before college—now, his $440 billion streaming giant is buying Warner Bros. and HBO

Self-made billionaire Reed Hastings went from a teenage vacuum salesman and Peace Corps volunteer to founding Netflix. Now, his $440 billion streaming giant is buying Warner Bros. and HBO.

Fortune

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Netflix co-CEO Ted Sarandos credits a video store job for launching his career—and cherishes this lesson from Tony Bennett

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

Fortune

Netflix Stock Breaks Below 20-Day Moving Average Amid Selloff. Should You Buy the Dip?

Here’s how you should play NFLX shares heading into 2026.

Barchart

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

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

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Benzinga

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."

International Business Times UK

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.

The Conversation

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…

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The Independent UK

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

International Business Times 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

The Independent 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

Fortune

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:

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.

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