Netflix is trading at $70.39, down 3.05%, after naming Peter Rice chief content officer, replacing Bela Bajaria, amid slowing viewer engagement and efforts to revive viewership growth. - The appointment follows plans to cut about 1,000 jobs, or 6% of the workforce; quarterly results are expected October 20. - Broader market weakness may add pressure: the Nasdaq is down 2.00%, alongside technology-sector selling tied to AI-debt concerns.