Netflix shares dive as co-founder Reed Hastings steps away

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Netflix is pushing further into unrecorded sports, podcasts and games, executives said connected an net call

Published - April 17, 2026 10:17 americium IST

Netflix laminitis  and CEO Reed Hastings [File]

Netflix laminitis and CEO Reed Hastings [File] | Photo Credit: AP

Netflix shares plummeted much than 9 percent Thursday arsenic the TV streaming titan's quarterly net failed to impressment investors and co-founder Reed Hastings announced helium is leaving.

Hastings, who helped turn the revolutionary DVD-by-mail institution into a planetary amusement behemoth, volition depart Netflix to "focus connected his philanthropy and different pursuits" erstwhile his word arsenic president of the committee of directors ends successful June.

Published - April 17, 2026 10:17 americium IST

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