Trump Goes After Reed Hastings Amid Netflix Stock Rout— 'Forced' To Leave?

Netflix shares plunged after the company gave a disappointing second-quarter outlook, dragging stock down 9.7% to $97.31 on Friday — its steepest one-day drop in nearly six months. The decline erased much of the post-Warner Bros. Discovery rally (the stock had jumped more than 28% after walking away from that deal). The company also confirmed Reed Hastings will leave the board when his term ends in June; a late-night post by former President Trump questioning whether Hastings was “forced” off the board added a political overlay to the sell-off. Overall the news combined weaker guidance and governance headlines to heighten volatility and reverse recent gains, creating a negative near-term market impact for NFLX shares.