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5 Articles
Netflix co-founder Reed Hastings to step down, departure is 'spooking investors'
Netflix co-founder Reed Hastings will not seek re-election to the company’s board. He is currently the chair of the streaming entertainment giant’s board of directors. “Reed Hastings has informed us that he will not stand for re-election to our Board when his current term expires at the Annual Meeting in June, in order to focus on his philanthropy and other pursuits,” the company wrote in a recent Securities and Exchange Commission report. NETFL…
Meta's Quest 3 VR headset range gets a substantial price hike
Price increases are easier to hide when a product is brand new. When something like the Meta Quest 3 (or Microsoft’s Surface range) goes up in price, it’s obvious that something’s troubling the tech industry. Everyone knows what that something is, of course. Correct. The problem is Sam Altman (and other people like him). The RAM shortage is whalloping everyone, including the world’s largest social media company. Starting today, the Meta Quest 3 …
Reed Hastings, the company's founder and chairman, will step down from the board of directors in June, ending nearly 30 years at the helm of a company that completely transformed audiovisual consumption. Hastings had already taken a step back from day-to-day management after leaving his role as co-CEO in 2023. Since then, his role has been primarily institutional. Now… Origin
Meta Quest price hikes due to RAM shortage
Meta blames RAM shortage for Quest 3 price increases Meta has raised the prices of its Quest 3 and Quest 3S headsets, citing the broader RAM shortage that has been affecting electronics supply chains. The change is scheduled to take effect on April 19. The reported updates are straightforward: the…
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