“Netflix Is Down 32% Since Reed Hastings Said He Was Leaving. Should You Buy the Dip or Is It a Red Flag?”
July 9, 2026
“The stock is down 32% since April 16, when it reported first-quarter earnings. Shares fell due to weak guidance for the second quarter as the company called for revenue growth to slow to 13.5%…
However, there was another item that also spooked investors. Reed Hastings, the co-founder of the company and longtime CEO, said he would step down from the board on June 4…”
https://finance.yahoo.com/markets/stocks/articles/netflix-down-32-since-reed-035000322.html