Global tech stocks took a hit yesterday as a leading media company faced a perfect storm of negative news. The company's chair announced plans to step down in June, sparking concerns about the future leadership and stability of the organization. But the real blow came with the release of a weak profit forecast from the company's popular streaming service, which sent shares plummeting as much as 9%. Analysts are now scrambling to understand the implications of this double whammy for investors and the company's long-term prospects.
Shares fall as much as 9% as chair announces plans to leave in June and streamer posts weak profit forecast
