On Friday, the company announced that Netflix CEO Reed Hastings will not be up for reelection for his role as a director on Facebook's board. The move comes as Facebook is investing more in original video content, potentially competing directly with Netflix. Hastings has served on the board since 2011.Facebook is reportedly spending around $1 billion on original programming and content deals for Facebook Watch, the video platform it launched in August 2018.
It announced in December that 400 million viewers watch at least one video on Facebook's Watch platform every month.Read MoreHastings was one part of broader changes to the company's board. Facebook said that Erskine Bowles, who has been on the board since 2011, would not be up for reelection. Facebook has also nominated Peggy Alford, an executive at PayPal, to join. Alford would be the first African American woman on the board, and the second African American overall.
netflix please keep raising prices! 🙏🏼🙏🏼🙏🏼
TheGovernment of theRussian donated$600 mil toUkrainian D.Firtash-GroupDF(cost29%stake in UkrainianTV channel INTER,which was owned by Russia through Pervykanal and sold for pennies),and now Perviya kanal is begging for a loan but is afraid to return the government fraud back
Also, he got tired of walking in on Zuckerberg beating off to pictures of people's lunch.
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Netflix CEO Reed Hastings to depart Facebook board of directorsReed Hastings, who has served on the Facebook board since 2011, will not be nominated for re-election at the company's 2019 annual stockholders meetings, Facebook said on Friday. $NFLX ... Too much debt issues
Source: CNBC - 🏆 12. / 72 Read more »
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Source: MarketWatch - 🏆 3. / 97 Read more »
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Facebook is appointing Peggy Alford to be the first African-American woman on its board, as Netflix CEO Reed Hastings prepares to leaveAfter two years of scandals, Facebook is making some changes to its board. beautyinsiderco progress. Just not enough. Please stop this 'African American' thing! She's appointed because she can do the job. Period!! About time! Although, how come they never wanna hire any black people until the ship is sinking? When they popping champagne ...all white. When the company is going up in flames...okay, let's see if we can find a black person to fill the position.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook nominates Peggy Alford, first African American woman, to its board of directorsAlford, a prominent technology executive, would be the first African-American woman and second African-American to join the board of the social media giant. Was she selected because she was qualified or because she was a black woman? If she was selected because she was qualified, why do you mention her race instead of her qualifications? Wow that so good
Source: USATODAY - 🏆 100. / 63 Read more »
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