TechTaffy

tech:

taffy

Netflix CEO’s Stock Options Halved

By TechTaffy Desk

By Adam E. John

Reed Hastings mistakes are proving costly to him as well. His annual stock-option allowance has been chopped by half to $1.5 million according to the Form 8-K current report filed by the company with the SEC on Thursday. His salary of $500,000 for the next year remains the same. Mr. Hastings took home $3 million in stock options for the current year.

Netflix shares dropped some 75 per cent after the company raised prices and tried to separate its mail-order movie rental business and online-streaming services into two different business entities.

 

Just in

Series E

Corelight raises $150M

San Francisco-based network detection and response (NDR) company Corelight has raised $150 million in a Series E funding round.
AI

Anthropic introduces team plan, iOS app for Claude AI

Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry

Tencent, Mercedes-Benz, EA partner for in-car gaming

Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI

Amazon Q generative AI chatbot now generally available

Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings

Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.