Netflix Earnings Forecast Misses, Reed Hastings Steps Down
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Good morning. Netflix’s outlook falls short as Reed Hastings steps down. Canva is doubling down on AI to protect its design empire. And a Saudi billionaire prince snaps up Al Hilal Football Club. Listen to the day’s top stories.
Netflix’s weak second-quarter forecast missed Wall Street expectations, sending shares lower in after-hours trading. The company also said co-founder and chairman Reed Hastings will step down from the board after 29 years to focus on philanthropy and personal pursuits.