Netflix slumps as muted forecasts, Hastings exit deepen growth worries
CTV News
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Netflix shares fell more than 10 per cent in early trading on Friday, as investors digested a tepid forecast and the surprise exit of co-founder and Chairman Reed Hastings amid worries over the streaming pioneer’s next growth driver.
Reed Hastings exits Netflix board
- Netflix Drops After Forecast; Reed Hastings Exits | Bloomberg Tech 4/17/2026 Bloomberg —
- Netflix Shares Tank on Weak Forecast; Hastings Steps Down Bloomberg —
- Netflix cofounder and chairman Reed Hastings to step down from board of directors ABC News —
- What's Next for Reed Hastings? Bloomberg —
- Netflix shares slide after surprise Hastings exit sparks growth concerns CTV News —