Netflix shares fall after downbeat revenue forecast, co-founder to leave &#8211; Markets

LONDON: Shares in Netflix fell sharply ‌in Europe on Friday after the company forecast revenue ⁠growth below expectations and as chairman and co-founder Reed Hastings said he would not seek re-election.

The streaming service’s Frankfurt-listed shares were down 8.7%. ⁠Netflix shares in New York have ⁠risen about 15% this ⁠year.

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Netflix shares fall after downbeat revenue forecast, co-founder to leave – Markets

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