Netflix Drops After Worse-Than-Expected Forecast; Hastings Exits

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Netflix Drops After Worse-Than-Expected Forecast; Hastings Exits

Bloomberg

17 April 2026

Bloomberg's Caroline Hyde and Ed Ludlow discuss Netflix's lackluster forecast for the second quarter and co-founder Reed Hastings stepping down after 29 years at the company. Plus, the US government plans to make a version of Anthropic's Mythos model available to major federal agencies to tackle cyber risks despite the company's ongoing legal feud with the Pentagon. And, Sequoia Capital raises $7 billion for its latest expansion fund, targeting AI giants like OpenAI and Anthropic. See omnystudio.com/listener for privacy information.