Netflix Shares Drop 10% After Q1 Earnings and Guidance Miss
Netflix shares fell nearly 10% following its Q1 earnings report, which included weaker-than-expected guidance and the announcement that co-founder Reed Hastings would not seek re-election as chairman. The stock decline reflects investor concerns over the company's future growth and leadership transition.
Tickers: $NFLX
Topics: Earnings Report Leadership Change Stock Price Movement