Netflix cofounder Hastings to step down after it lost Warner Bros deal
The company’s stock plunged about 8 percent on the news of Hastings’s departure. Published On 16 Apr 202616 Apr 2026 Netflix Chairman Reed Hastings is leaving the streaming service he cofounded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery to Paramount Skydance. In a […]
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