As the FAANG Founders Turn – On Each Other
You have to give Mark Zuckerberg credit. Love him or hate him, he does act very deliberately, even if you might believe that it is with malice aforethought.
Netflix founder and CEO Reid Hastings resigned from the Facebook board this past week. Peggy Alford, currently senior vice president of Core Markets for PayPal, will be nominated to join the board of directors and become its first black member, but there’s a clear case of missing the forest through the trees here.
Facebook is reportedly spending $1 billion on producing original content. When Hastings joined the board in 2011, he said that he had been trying to figure out how to integrate Facebook and make Netflix more social, so getting on the board was a good deal, according to Business Insider.