
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.