Netflix shares slide after surprise Hastings exit sparks growth concerns
CTV News
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Netflix shares fell nearly 10 per cent in premarket trading on Friday after chairman and co-founder Reed Hastings said he was leaving the company at a pivotal moment, as the streaming pioneer hunts for new growth avenues following a failed deal with Warner Bros Discovery.
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 slumps as muted forecasts, Hastings exit deepen growth worries CTV News —