Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits (Isabella Simonetti/Wall Street Journal)

Isabella Simonetti / Wall Street Journal: Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits — Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid