Netflix Drops After Forecast; Reed Hastings Exits | Bloomberg Tech 4/17/2026

Netflix shares fell after reporting weaker-than-expected Q2 revenue forecasts, signaling slowing subscriber growth despite recent ad-tier expansions and password-sharing crackdowns. Co-founder Reed Hastings will exit Netflix’s board after 29 years, marking the end of an era for the streaming pioneer as leadership shifts to co-CEOs Ted Sarandos and Greg Peters. The U.S. government will deploy a customized version of Anthropic’s Mythos AI model to federal agencies for cybersecurity defense, despite the company’s ongoing legal dispute with the Pentagon over contract terms. Sequoia Capital secured $7 billion for its latest fund, targeting high-growth AI startups like OpenAI and Anthropic, underscoring accelerating venture capital investment in generative AI infrastructure. Anthropic’s dual challenges—government adoption amid legal tensions and fresh VC backing—highlight the high-stakes competition in AI between public-sector needs and private-sector innovation.