Media & Gaming

Reed Hastings Netflix founder exit as he steps down from board after 29 years leading company into global streaming platform

Netflix Founder Reed Hastings to Exit Board After 29 Years

The co-founder's departure from Netflix's boardroom marks the completion of a years-long succession and the full institutionalisation of one of the most consequential companies in media history.

Tech IconsApr 17, 2026Big TechMedia IndustryStreaming

Snap layoffs announcement showing CEO Evan Spiegel leading AI pivot as Snap cuts workforce and restructures operations to improve profitability

Snap Cuts 1,000 Jobs as AI Reshapes Its Global Workforce

Snap's deepest restructuring in years targets $500M in annualized savings as CEO Evan Spiegel bets leaner, AI-augmented teams can outperform larger legacy organizations.

Tech IconsApr 16, 2026Social PlatformsTech LayoffsWorkforce

OpenAI Sora shutdown reflects shift from AI video platform to enterprise AI and robotics, highlighting generative video transition

OpenAI Shuts Sora App to Refocus on Enterprise AI and Robotics

Six months after launch, OpenAI has shut its consumer video platform, signalling a decisive turn toward enterprise infrastructure and robotics over viral media tools.

Tech IconsMar 25, 2026AI StrategyEnterprise AIGenerative Video

Ben Affleck, founder of InterPositive, during the Netflix InterPositive acquisition focused on AI film production tools.

Netflix Buys Affleck’s AI Startup to Reinvent Film Production

Acquiring Ben Affleck's InterPositive, Netflix targets production efficiency in a streaming landscape where margins, not subscribers, define the winners.

Tech IconsMar 12, 2026AI FilmmakingArtificial IntelligenceStreaming Industry

Netflix co-CEO Ted Sarandos departs the White House on February 26 amid Warner Bros Discovery acquisition developments

Netflix Walks Away From Warner Bros. Deal as Discipline Prevails

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Roblox on mobile as the platform reports $6.8B bookings, with rising user engagement and advertising expansion supporting stronger platform economics and a path toward profitability.

Roblox Delivers $6.8B Bookings as Metaverse Model Matures

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Reddit’s revenue surge and rising margins show how disciplined monetization, AI advertising and scale are reshaping the social media business model.

Reddit’s Revenue Surge Redefines Social Media Business Model

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Snap's Margin Discipline Sharpens Amid User Retreat

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Shou Zi Chew, Chief Executive Officer of TikTok, as ByteDance restructures TikTok’s U.S. business through an Oracle-led joint venture, preserving scale while addressing national security pressure.

How TikTok Solved Its American Problem Without Leaving

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Disney’s $1B OpenAI Deal Tests Entertainment’s AI Future

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Warner Bros. Studios, now part of Netflix’s $72 billion acquisition, bringing century-defining franchises onto one global platform.

Netflix Acquires Warner Bros. Studio and HBO Max for $72 Billion

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Netflix Q3: Perfect Execution Meets Harsh Market Reality

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AI Cyberattacks Surge as Deepfakes and ML Breach Defenses

Workday Reports Data Breach Through Third-Party CRM System

Security Flaw in Perplexity's Comet AI Browser Exposes User Data

DDoS Attacks Overwhelm Global Digital Networks via IoT Botnets

AI Tools Turn Hackers Into Sophisticated Cybercrime Threat

SpaceX IPO filing illustrated by Falcon 9 and Crew Dragon during NASA Commercial Crew Program test as SpaceX targets a $1.75 trillion IPO valuation, the largest IPO in history, ahead of a public listing, SEC filing, stock debut and market debut driven by Starlink business

SpaceX Files for $1.75T IPO, Redefining the Limits of Public Markets

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Uber Rivian robotaxi partnership as autonomous vehicle fleet deployment expands with electric Rivian vehicles and Uber platform integration

Uber and Rivian Bet $1.25 Billion on Robotaxi Future

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Porsche Cayenne S Electric as Porsche fiscal 2025 results highlight the luxury automaker’s evolving EV strategy.

Porsche Recalibrates as Luxury Automotive Enters New Era

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