Trump's Attack on Netflix Co-founder Hastings Overshadows Earnings Disappointment. Donald Trump criticized Netflix co-founder Reed Hastings on Truth Social, calling him a "sleazebag" hours after the streaming giant announced his departure from its board following 29 years. The attack came as Netflix reported a disappointing quarterly outlook, causing shares to plummet nearly 9 percent. Hastings, 65, cited a desire to pursue philanthropy and personal interests for his exit. Under his leadership since 1999, Netflix transformed from a DVD-by-mail service into the world's most valuable entertainment company operating across 190 territories. CEO Ted Sarandos dismissed speculation that the departure related to a failed Warner Bros. Discovery acquisition attempt, stating Hastings was a champion of the deal.
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