Reed Hastings is stepping down from Netflix’s board in June, ending a 29-year run at the company he co-founded and helped transform from a DVD-by-mail business into a global streaming giant. Hastings said in a shareholder (PDF) letter that heâ(TM)s stepping down to focus on “his philanthropy and other pursuits.” Engadget reports: Hastings has served as chairman of Netflix’s board since 2023, a role he assumed after stepping down as co-CEO and promoting Greg Peters in his…

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