Netflix Shares Dip as Markets Hit Highs; More Tests Ahead for Streaming Stock
Netflix shares fell 2.9% this week to $86.02, missing gains as the S&P 500 and Nasdaq hit new highs. Investors weigh ad revenue, price hikes, and content changes after Netflix ended a Warner Bros. deal and co-founder Reed Hastings prepares to leave the board. A $25 billion buyback and $2.8 billion break fee were announced, but analysts question growth visibility. Shareholder meeting set for June 4; no new earnings expected.