Nolte: More Netflix Turmoil as David Fincher Exits

Netflix stock is down nearly 50% year-over-year amid 1,000 layoffs, the exit of chief content officer Bela Bajaria and director David Fincher, and doubts over film chief Daniel Lin. With roughly $20bn annual content spend, subscriber saturation and free ad-supported rivals eroding share, talent attrition deepens concerns over content strategy and profitability. Expect near-term pressure on NFLX, though the impact is company-specific.