Netflix Drops After Forecast; Reed Hastings Exits | Bloomberg Tech 4/17/2026

Bloomberg — Apr 17, 19:56 PM

Bloomberg's Caroline Hyde and Ed Ludlow discuss Netflix's lackluster forecast for the second quarter and co-founder Reed Hastings stepping down after 29 years at the company.

Plus, the US government plans to make a version of Anthropic's Mythos model available to major federal agencies to tackle cyber risks despite the company's ongoing legal feud with the Pentagon.

And, Sequoia Capital raises $7 billion for its latest expansion fund, targeting AI giants like OpenAI and Anthropic. (Source: Bloomberg)

Read full article at Bloomberg →

Reed Hastings exits Netflix board

Netflix Shares Tank on Weak Forecast; Hastings Steps Down Bloomberg — Apr 17, 17:54 PM
Netflix cofounder and chairman Reed Hastings to step down from board of directors ABC News — Apr 17, 11:59 AM
What's Next for Reed Hastings? Bloomberg — Apr 17, 15:07 PM
Netflix slumps as muted forecasts, Hastings exit deepen growth worries CTV News — Apr 17, 15:17 PM
Netflix shares slide after surprise Hastings exit sparks growth concerns CTV News — Apr 17, 13:16 PM