Reed Hastings says Big Tech should get used to being hated — like Big Pharma
Source: Business Insider ·
Reed Hastings, the former Netflix co-CEO, said the tech industry's unpopularity was inevitable — just like Big Pharma.
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People in Big Pharma keep making progress and accept that their industry is hated, Hastings said.Erica Denhoff/Icon Sportswire via Getty ImagesNetflix cofounder Reed Hastings says Silicon Valley execs are like airlines, banks, and Big Pharma.They're all powerful and hugely consequential. They're also widely disliked, he said.Americans have lost love for tech CEOs — and new movies are highlighting the execs' darkest hours.Reed Hastings thinks the tech industry has some Big Pharma energy.During an interview with "On with Kara Swisher," released on Monday, the Netflix founder and former co-CEO responded to questions about the unpopularity of Silicon Valley executives."Well, think of pharma," he said. "Pharma is hated by the general public, and to my eyes, is continuing to do amazing and positive work. But people hate the high drug prices, and so pharma is deeply hated."Hastings also said that drug companies have developed "remarkable" products — like the COVID vaccines — but still draw…