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Aanchal Sugandh

THE TRUTH ABOUT: Reed hastings is quitting at netflix should you quit nflx stock - The Untold Story

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Netflix (NFLX) Co-founder Reed Hastings built the streaming giant with the instincts of a disruptor and the patience of a chess player. He steered it from mailing DVDs to commanding a global streaming empire, reshaping the ways audiences consume film and television.  

However, on April 16, Netflix announced that Hastings, worth about $6.6 billion, according to Forbes, and holding more than 4.2 million Netflix shares, will exit its board. The company confirmed he will not stand for re-election in June, closing a nearly three-decade chapter since co-founding the firm in 1997.

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