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Stock impact report

Wall Street Breakfast Podcast: Reed Hastings Logs Out Of Netflix (Are You Sure?) [Seeking Alpha]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Seeking Alpha
Concerns are rising over engagement friction, sports league dependency, and increased competition in scripted content for NFLX. Regulators to looks at MLB online distribution deals. OpenAI (OPENAI) commits to big spend on Cerebras (CBRS) servers. Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify Reed Hastings will leave as chairman of Netflix in June . (0:15) Federal regulators to look at MLB online distribution deals . (1:44) OpenAI commits over $20B to Cerebras chip-powered AI servers. (2:33) The following is an abridged transcript: Netflix ( NFLX ) is tumbling premarket on softer-than-expected guidance and news that Chairman, co-founder and former CEO Reed Hastings will leave the company's board in June Hastings, who helped transform Netflix from mailing DVDs to customers into the gold standard of streaming, said he is shifting his focus to philanthropy and other pursuits. He co-founded the comp Show less Read more
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