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Netflix founder steps down

Ticker News ·
Ticker News
Ticker News

The 62-year-old Hastings co-founded the company in 1997. Back then, Netflix delivered its subscribers movies on DVDs sent in the mail. But he's not walking away entirely - Hastings will move into the role of chairman. As for his successor - Greg Peters, the company’s chief product and chief operating officer, will join Ted Sarandos as a co-chief executive.