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☆ Netflix cofounder Reed Hastings, who bought a ski mountain in Utah, snaps up more land for his public-private mountain experiment
  + stars: | 2024-03-29 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +5 min
Reed Hastings is turning part of Powder Mountain into a ski club for the wealthy. Powder Mountain is the largest ski resort in the country. Related storiesThe former Netflix CEO said he is privatizing part of Powder Mountain to help remediate years of financial struggles. AdvertisementThe mountain was previously owned by a group of millennial investors who struggled to maintain the mountain, according to a report from The Information. Hastings announced his plans to make part of the ski resort private in December 2023, but Powder Mountain announced a new land acquisition and lift on Friday.
Persons: Reed Hastings, —, He's, Hastings, Ian Matteson Organizations: Netflix, Service, The New York Times, Meriwether Companies, Forbes Locations: Africa, Ogden, The, Sierra Nevada, Utah
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