Liz Gannes

Recent Posts by Liz Gannes

Reed Hastings Joins Facebook Board

Facebook just announced that Netflix CEO Reed Hastings has joined its board.

Hastings joins other board members Facebook CEO Mark Zuckerberg, Marc Andreessen of Andreessen Horowitz, Jim Breyer of Accel Partners, Washington Post CEO Donald E. Graham and Peter Thiel of Clarium Capital and Founders Fund.

Hastings has an enviable role as the CEO of a massively successful technology company that other technology companies don’t think competes with them. He is also on the board of Microsoft.

Netflix itself has been slow to embrace the social Web. It canceled a previous effort but said earlier this year that “an extensive Facebook integration” is on the way.

In a release, Zuckerberg and Hastings had the following nice things to say about one another:

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

“Facebook is propelling a fundamental change in how people connect with each other and share all kinds of content,” said Hastings. “I’m looking forward to working with Mark and the rest of the board to help Facebook take advantage of all the opportunities ahead.”

We just posted the full video of Hastings speaking at D9 earlier this month.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work