Netflix Stock Drops Amid Reed Hastings' Board Exit and Trump's Comments

Netflix's stock fell 9.7% following a disappointing second-quarter outlook, with Reed Hastings stepping down from the board. President Trump questioned whether Hastings was 'forced' off the board, adding political tension. The stock had previously surged 28% after Netflix abandoned its deal with Warner Bros. Discovery.

By Eva Mathew Mon, April 20, 2026 at 4:30 PM GMT+3 2 min read · Yahoo Finance · April 20, 2026, 13:30 UTC

Netflix Stock Drops Amid Reed Hastings' Board Exit and Trump's Comments

Tickers: $NFLX

Topics: board exit Donald Trump Netflix Reed Hastings stock performance

Read the full article at Yahoo Finance

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