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Business
Netflix Earnings Forecast Misses, Reed Hastings Steps Down
April 16, 2026
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Posted 2 hours ago by
Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also announced that chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests. (Source: Bloomberg)
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