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 public ire.
"Did people fall in love with those companies? They did not."
He also compared tech execs to banking and airline bosses: powerful, consequential, and largely disliked.
Swisher raised the question as Hollywood is highlighting some of tech's ugliest chapters in movie theaters across America. A24's "You Can See Everything" has blown up the box office — it's a documentary following former Theranos CEO Elizabeth Holmes in the weeks before she reports to prison. Aaron Sorkin's "The Social Reckoning" dramatizes whistleblowing at Meta. Alex Gibney's "Musk" tracks the rise of Elon Musk's political influence. And Luca Guadagnino's "Artificial," a biopic about a biopic that focuses on OpenAI CEO Sam Altman, is out on Christmas.
Hastings said that tech's yearslong tumble out of public favor is not particularly unusual. Large industries always invite skepticism.
"That's the natural state of how much of the public thinks about business," he said.
Still, Hastings, who sits on Anthropic's board, said that Silicon Valley companies still have one potential PR golden goose.
"We've got to actually cure some diseases," he said. "That'll help."
Read next
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at bshimkus@insider.com or message him privately on Signal at bshimkus.41.

1 hour ago
36