Facebook Conference

October 9, 2012 - 6:35 PM
FILE - In this Thursday, Sept. 22, 2011, file photo, Netflix CEO Reed Hastings gestures during the Facebook f/8 conference in San Francisco. Netflix CEO Reed Hastings announced Tuesday, Oct. 9, 2012, that he is stepping down from Microsoft's board of directors next month. Hastings says he will end his five-and-half-year stint on the software maker's board to concentrate on running Netflix Inc. at a time the video subscription service is facing an assortment of challenges threatening its future growth. (AP Photo/Paul Sakuma)