Netflix names content chief Ted Sarandos co-CEO, forecasts weaker growth

The promotion came as Netflix forecast its subscriber growth during the coronavirus pandemic would slow even more than Wall Street expected during the third quarter, sending its shares tumbling 9.5% in after-hours trading.Sarandos will continue his role leading the content operations.In a blog post https://bit.ly/30gU8rs Hastings said he had no plans to depart anytime soon.