Facebook has announced that Reed Hastings, the Netflix chief executive, is joining its board as its sixth member, as the company prepares an IPO for next year. It could also be a sign of Netflix moving to incorporate more social networking. It is also another bridge to Microsoft, a Facebook shareholder, where Hastings is also on the board.

“Reed is an entrepreneur and technologist who has led Netflix to transform the way people watch movies and TV,” Mark Zuckerberg, Facebook’s founder and chief executive, said. “He has built a culture of continuous rapid innovation, something we share and work hard to build every day.”

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, People