Netflix shares fall on weak forecast and Hastings exit
Netflix shares fell 8.7 percent in Europe after a weak revenue forecast. Co-founder Reed Hastings also announced he will step down as chairman of the board.
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Xurve View
Shares of NETFLIX INC experienced a significant downturn in European markets on Friday. The decline followed a company forecast indicating that revenue growth would likely fall below previous expectations. This financial outlook, combined with leadership changes, prompted a sharp reaction from investors.
