Netflix Had Big News for Investors!

Netflix shocked investors when it made a significant announcement during its Q4 earnings release.

Netflix (NFLX 4.36%) said its longtime CEO, Reed Hastings, would be stepping down. This came as Netflix reported excellent fourth-quarter results.

*Stock prices used were the afternoon prices of Jan. 21, 2023. The video was published on Jan. 23, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy.

Source: https://www.fool.com/investing/2023/01/24/netflix-had-big-news-for-investors/

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