Netflix stock slides as earnings beat estimates, co-founder Reed Hastings announces departure from board
Netflix (NFLX) reported stronger-than-expected profits in the first quarter after it lost the battle for the acquisition of Warner Bros. Discovery (WBD) to Paramount Skydance (PSKY) and raised its subscription prices. But the stock fell 8% in extended trading after second quarter guidance disappointed. The company also announced that its co-founder Reed Hastings, who took…
