{"id":734863,"date":"2026-04-17T17:19:35","date_gmt":"2026-04-17T17:19:35","guid":{"rendered":"https:\/\/www.europesays.com\/us\/734863\/"},"modified":"2026-04-17T17:19:35","modified_gmt":"2026-04-17T17:19:35","slug":"why-netflix-stock-is-tanking-friday","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/734863\/","title":{"rendered":"Why Netflix Stock Is Tanking Friday"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/8800528\/why-netflix-stock-is-tanking-friday?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;GuruFocus&quot;}\" class=\"link \">GuruFocus<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\">Netflix (<a class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/NFLX\" data-ylk=\"slk:NASDAQ:NFLX;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;NASDAQ&quot;}\" rel=\"nofollow noopener\" target=\"_blank\">NASDAQ:NFLX<\/a>) shares fell sharply about 10% in premarket trading on Friday after co-founder and chairman Reed Hastings said he will leave the company&#8217;s board, raising questions about strategy at a time when the streaming group is looking for fresh growth.<\/p>\n<p class=\"yf-1fy9kyt\">Hastings <a href=\"https:\/\/www.fool.com\/investing\/2026\/04\/16\/netflix-reports-strong-earnings-and-co-founder-ree\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:will;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;will&quot;}\" class=\"link \">will <\/a>not stand for re-election at the company&#8217;s annual meeting in June and plans to focus on philanthropy and other interests. He co-founded Netflix 29 years ago and helped guide it from a DVD-by-mail business into a global streaming platform.<\/p>\n<p class=\"yf-1fy9kyt\">The timing drew attention because Netflix is still adjusting after it walked away from a bid for Warner Bros Discovery earlier this year. The company is also leaning more on ad-supported programming, live sports and gaming as growth slows and competition stays intense.<\/p>\n<p class=\"yf-1fy9kyt\">Netflix beat first-quarter revenue and profit estimates on Thursday, but its outlook for the current quarter came in below analyst expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) shares fell sharply about 10% in premarket trading on Friday&hellip;\n","protected":false},"author":3,"featured_media":121121,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[37697,64,17970,4659,86623,67,132,68],"class_list":["post-734863","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-annual-meeting","tag-business","tag-gurufocus","tag-netflix","tag-reed-hastings","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116421195727423368","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/734863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=734863"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/734863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/121121"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=734863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=734863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=734863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}