Netflix Co-CEO Steps Down, Issues With 2016 Tesla Demo
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 19 January 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down Netflix's blockbuster earnings and subscriber growth and the impact of co-founder Reed Hastings stepping down as co-CEO. Plus, how Elon Musk oversaw the creation of a 2016 video that exaggerated the abilities of Tesla’s driver-assistance system Autopilot.
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's world headquarters in New York. |
| 0:46.0 | And Ahmed Ludlow in San Francisco, this is Bloomberg Technology. |
| 0:49.0 | Netflix, a story of subscriber growth and succession. |
| 0:52.0 | We dig into the earnings and the |
| 0:53.7 | executive changes as we learn Reed Hastings will step down as co as CEO. |
| 0:58.1 | Plus emails from Elon Musk shed light on his involvement in a 2016 demo that exaggerated |
| 1:06.0 | autopilot capabilities. Plus the hacks to stop hackers taking your money and |
| 1:10.9 | they're working. New research shows that the fewer companies |
| 1:13.7 | are paying ransoms. That doesn't mean the number of attacks is actually down. |
| 1:17.5 | We're going to discuss that but first let's dig in on all of that because it's |
| 1:21.0 | interesting we're getting succession planning |
| 1:22.6 | and a chairman remaining over at Texas Instruments and similar for Netflix. |
| 1:26.9 | Succession planning unlike over at Disney if many would argue. |
| 1:30.0 | It's interesting therefore to bring on Lucas Shaw who so intimately understands this company and indeed the inner workings of Reed Hastings. |
| 1:37.1 | He himself of course a man who's focused on culture in so many ways Lucas. |
| 1:41.0 | What you make of who now steps up with Greg taking the |
| 1:44.8 | co-seo reins and ultimately who's going to have the ultimate decision-making |
| 1:48.4 | power here because he remains as executive chairman? Yeah I look, my assumption is that Reed will say that Ted and Greg get ultimate authority |
... |
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