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Netflix Falls 3% as Peter Rice Takes Over Content After Layoffs; Disney and Spotify Hold Steady

Source: 247wallst.com

Management & GovernanceMedia & Entertainment
Netflix Falls 3% as Peter Rice Takes Over Content After Layoffs; Disney and Spotify Hold Steady

Netflix shares fell 3% to $70 after a leadership shake-up in its content division, one day after the company cut jobs. The article attributes the stock decline to the shake-up but provides no further details on the leadership changes or job cuts.

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