India, April 18 -- Reed Hastings will step down from the board of Netflix Inc. when his term ends at the annual meeting in June, ending a 29-year-run at the streaming pioneer he co-founded. Hastings, who presently serves as Netflix's chairman, plans to focus on philanthropy and other pursuits, the company said Thursday as it reported first-quarter results. Netflix Inc. shares tumbled after the company gave a forecast for the second quarter that fell short of analysts' expectations, underwhelming Wall Street just months after it lost out on a bid for Warner Bros. Discovery Inc. Netflix said revenue would be $12.57 billion in the three months ending in June, compared with estimates of $12.64 billion, according to data compiled by Bloomberg. The shares were down about 10% in in premarket trading on Friday.P18...