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  • Reed Hastings Steps Down as Netflix Co-CEO

    Reed Hastings Steps Down as Netflix Co-CEO

    Reed Hastings, Netflix co-CEO and one of the company’s co-founders, is stepping down. In his place, the streaming service’s board has appointed two executives to lead the company together: Ted Sarandos, who has been a chief executive officer alongside Hastings since 2020, and Greg Peters, previously Netflix’s chief operating officer.


  • Elon Musk’s Wealth Drops by $AU13 Billion in One Day

    Elon Musk’s Wealth Drops by $AU13 Billion in One Day

    Tesla, SpaceX, and Twitter CEO Elon Musk saw his wealth plummet by $US100 ($AU150) billion dollars this year, bringing his net worth to somewhere between $US170 ($AU255) billion and $US182 ($AU273) billion, according to estimates from Bloomberg and Forbes. That’s down from an estimated $US340 ($AU511) billion in November 2021. The drop comes as Tesla…