Netflix CEO Reed Hastings to Depart Facebook Board of Directors

Facebook on Friday said Netflix CEO Reed Hastings will not be nominated for re-election at the company’s 2019 annual stockholders meetings. In 2017, Facebook launched Watch, its video streaming service, and last year, the company released IGTV, its Instagram video streaming app. Hastings’ departure comes about three years after he got into a tussle with fellow board member Peter Thiel over their political leanings.

Source: www.cnbc.com