$1 Million In Sanctions Against Former President Donald Trump, Netflix Co-Founder Reed Hastings Has Stepped Down As CEO
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Donald Trump is once again running for the presidency of the USA, but before he starts his dripping, he will have to deal with the sanctions that will be imposed on him for a fearful lawsuit against Hillary Clinton. Netflix's most popular stemming company is undergoing board changes right after the company posted positive results.
In this article:
- The end sponsorship of Indian cricket team
- Changes in Netflix management positions
- Trump was punished for a frivolous lawsuit against Hillary Clinton
The end sponsorship of Indian cricket team
Bangalore-based Byju's offers online classes for students in a variety of subjects. It is also a sponsor of the Indian cricket team.
The company's losses increased sharply in the fiscal year that ended in March 2021. Byju intends to reduce branding and marketing expenses to this end. These actions will mean that Indian tech start-up Byju's will not renew its shirt sponsorship deal with the Indian cricket team. Byju's logo is currently featured on the Indian cricket team's shirt but will not renew their contract after it expires in March.
Byju's plans to end sponsorship of Indian cricket team jersey, as it puts profitability on cards for 2024 https://t.co/9JdTsD6hSC
— CNBC (@CNBC) January 20, 2023
Changes in Netflix management positions
Changes in management positions are taking place in many companies. This time we learn about changes in Netflix. Netflix Inc co-founder Reed Hastings has stepped down as CEO of the company. Hastings will serve as executive chairman. The change takes effect immediately, culminating in a decade of management succession planning.
Hastings, 62 years old, co-founded Netflix in 1997 as a mail-in DVD distribution company. He said the idea came from his frustration at returning his rented "Apollo 13" movie to his local Blockbuster video store and being fined a $40 late fee. In 2007, the company evolved into a video streaming service. Hastings left as Netflix said it added 7.66 million subscribers in the fourth quarter, beating Wall Street's forecast of 4.57 million.
Netflix co-founder Reed Hastings stepped down as chief executive of the streaming video pioneer but will remain at the company as executive chairman. Read more https://t.co/lLtLBb6xDs pic.twitter.com/3ScgCx17rF
— Reuters Business (@ReutersBiz) January 20, 2023
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Trump was punished for a frivolous lawsuit against Hillary Clinton
A federal judge on Thursday imposed nearly $1 million in sanctions against former President Donald Trump and his lawyer for filing a rejected "frivolous" lawsuit against Hillary Clinton and numerous others. Trump, who is seeking the GOP presidential nomination in 2024, filed a lawsuit in March against Clinton, who was the 2016 Democratic presidential nominee. Other defendants include the DNC, Wasserman Schultz, Clinton's campaign manager John Podesta, Perkins Coie law firm, Fusion GPS research firm, former FBI agents James Comey, Andrew McCabe, Peter Strzok and Lisa Page, and Christopher Steele, a former British intelligence agent who before the election, he authored a notorious research report.
Trump's lawsuit, which sought $70 million in damages, accused Clinton and 30 others accused of conspiring to "weave a false narrative" during the 2016 election that Trump and his campaign colluded with Russia in an effort to win the race.
Trump and lawyers sanctioned almost $1 million for 'frivolous' lawsuit against Hillary Clinton https://t.co/TzkZ6RcTQb
— CNBC Now (@CNBCnow) January 20, 2023
