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

Around the web

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.
Industry

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 
Industry

Former VMware COO Mike Hayes joins Mirantis board

Mirantis, a company that provides open source software for infrastructure control, has appointed Mike Hayes to its board.
Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots. 
Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.