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Top related persons:
Marc Randolph - 3 — - 2 Reed Hastings - 1 Mark Zuckerberg - 1 It's - 1 Jack Dorsey - 1 Priscilla Chan - 1 Hastings - 1
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Netflix - 2 Service - 2 Business - 2 Community Foundation - 1 Wall Street - 1 Bloomberg - 1 United Negro College Fund - 1 CNBC - 1

Search resuls for: "Marc Randolph"


6 mentions found


☆ Netflix cofounder Reed Hastings just gave stock worth $1.1 billion to a Silicon Valley charity
  + stars: | 2024-01-30 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +2 min
He donated the holding, worth about $1.1 billion, to the Silicon Valley Community Foundation. The charity is favored by the elite of Silicon Valley including Mark Zuckerberg. AdvertisementReed Hastings, the cofounder and executive chairman of Netflix, has given away 2 million shares in the streaming platform. A Netflix representative told The Wall Street Journal the shares had been donated to the Silicon Valley Community Foundation. AdvertisementIn 2012 the Meta CEO and his wife, Priscilla Chan, donated 18 million shares worth about $500 million to the foundation.
Persons: Reed Hastings, Mark Zuckerberg, —, It's, Jack Dorsey, Priscilla Chan, Hastings, Marc Randolph, Patty Quillin, They've, Bill Gates, Warren Buffett Organizations: Netflix, Community Foundation, Service, Wall Street, Bloomberg, United Negro College Fund, Business Locations: Silicon Valley, Bay
☆ Billionaire Jeff Bezos still uses a homemade scrappy door desk from the early days of launching Amazon
  + stars: | 2024-01-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +2 min
Read previewJeff Bezos might be a billionaire, but to this day, he still uses a homemade scrappy door desk from Amazon's early days in the 1990s. The Amazon founder's fiancée Lauren Sanchez posted a photo on Instagram over the weekend, which shows Bezos working from a laptop on the door desk. The door desk was invented by Bezos in 1995, a year after founding the e-commerce giant, according to a blog on Amazon's website . "We built door desks because it was the cheapest way we could support a desk. The door desk has since become a symbol of Amazon's culture and its core value of frugality.
Persons: —, Jeff Bezos, fiancée Lauren Sanchez, Sanchez, Bezos, Nico Lovejoy, Lovejoy, Marc Randolph, Randolph Organizations: Service, Business
☆ Netflix Co-Founder Marc Randolph reflects on end of DVD-by-mail service
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix Co-Founder Marc Randolph reflects on end of DVD-by-mail serviceHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Marc Randolph, Brian Sullivan, “ Organizations: Netflix, CNBC
☆ Netflix's co-founder says Blockbuster execs tried not to laugh when they pitched a $50 million partnership — it's now worth $149 billion
  + stars: | 2023-04-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
Marc Randolph said the Blockbuster team tried not to laugh when Netflix pitched a $50 million partnership. Netflix is now worth $149 billion and had 230.75 million subscribers as of the end of 2022. After the dot-com crash and burning $50 million on costs, the founders decided to approach the "movie rental king" at the time – Blockbuster – about a potential partnership. When asked about how much the deal would cost, Hastings proposed $50 million. As of the end of 2022, it had amassed 230.75 million subscribers and currently has a market cap of $149 billion.
☆ No more red envelopes: Netflix to end DVD-by-mail business
  + stars: | 2023-04-18 | by ( Dawn Chmielewski | ) www.reuters.com   time to read: +2 min
April 18 (Reuters) - Netflix Inc (NFLX.O) is winding down its DVD-by-mail business, the company said in a blog post on Tuesday, ending the service it started around 25 years ago. The company said its DVD rental business had been shrinking and it will not be able to continue to offer quality service. "Those iconic red envelopes changed the way people watched shows and movies at home - and they paved the way for the shift to streaming," Netflix Co-CEO Ted Sarandos said in a blog post announcing the DVD service had entered its "final season." "Betting on DVDs was a risk," Randolph wrote in his book, "That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea." When Netflix attempted in 2011 to split its DVD rental business from online streaming into a separate service called Qwikster, it provoked howls of protest from consumers.
☆ Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
  + stars: | 2022-09-06 | by ( Jason Guerrasio | ) www.businessinsider.com   time to read: +19 min
Mitch Lowe, who has been a leader at Netflix, Redbox, and MoviePass, is releasing his book "Watch and Learn" on September 6. (L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth. I never tried to quiet people internally, if they said something wasn't going well I always embraced it. Like you wrote that you "didn't know jack shit" when you first started at Netflix. When I was offered to be CEO of MoviePass, I felt my whole career had led up to this moment.
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