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$NFLX Netflix is down for 3 main reasons: - Reed Hastings (founder) is stepping down from the ...
22 days agoamitamitisinvesting
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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NFLX is down approximately 9% to $98.24 following a Q2 EPS guidance miss of $0.78 versus the $0.84 expected and the news of founder Reed Hastings stepping down from the board. The stock's decline is further attributed to an adjusted EPS miss when excluding a $2.8B breakup fee from a Warner deal. Despite the pullback, the asset remains a top 10 holding on Robinhood, indicating significant retail interest after its previous move from the $70-$95 range.

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breaking down tech, business, & stocks $PLTR