Reed Hastings is stepping down from his role as co-chief executive of Netflix, the firm he helped found more than 25 years ago. His announcement came as Netflix unveiled a big rise in subscriber numbers at the end of last year. With money tight, people were expected to cut back on streaming services. But Netflix bucked that trend, adding more than seven million new subscribers, far more than analysts expected. Harry and Meghan's revelations were a big draw, as was new Addams Family spin-off series Wednesday, and the film Glass Onion. Mr Hastings' long-planned move means he is leaving Netflix in a crowded market, with challenges ahead, but with 231 million viewers signed up around the globe. Mr Hastings, who was an early pioneer in the streaming business and is seen as one of the original tech industry disruptors, will stay on as executive chairman. Business students may also wish to check out 'Bank of Dave' which is about how a self-made car dealer decides to fight the odds and set up his own local bank - check out the trailer below.
