A late-night post from President Donald Trump has dragged Reed Hastings back into the spotlight, just as Netflix Inc‘s (NASDAQ:NFLX) stock tumbled and the company confirmed his board exit.
Trump, writing on Truth Social on Friday, questioned whether Hastings was “forced” off the board, adding a political edge to what was already a consequential week for the world’s largest streaming platform.
Post-WBD Stock Rally Fades Quickly
Netflix shares closed down 9.7% at $97.31 on Friday, marking their steepest one-day drop in nearly six months, after a disappointing second-quarter outlook overshadowed an otherwise strong first-quarter report. The decline also erased a chunk of recent gains. Since walking away from its proposed deal for Warner Bros. Discovery
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