WBD

Independent_Name_601

I bought the low yesterday. I’m up 2%. I’ve been eyeing it since WBD announcement. Worst case is it doesn’t close and we rocket back to $100. Best case it gets approved and we go to $120

Happy_Discussion_536

>DOJ Antitrust Chief Quits After White House Seeks Ouster >President Donald Trump had said he was going to get involved in reviewing whichever Warner Bros. deal proceeds, an uncommon occurrence in antitrust matters. >https://news.bloomberglaw.com/antitrust/justice-department-antitrust-chief-slater-resigns I'm going to be so fucking pissed if the orange boar successfully nukes the NFLX WBD deal and hands it to shit ass company PSKY. He shouldn't even be "involved".

Happy_Discussion_536

>DOJ Antitrust Chief Quits After White House Seeks Ouster >President Donald Trump had said he was going to get involved in reviewing whichever Warner Bros. deal proceeds, an uncommon occurrence in antitrust matters. >https://news.bloomberglaw.com/antitrust/justice-department-antitrust-chief-slater-resigns I'm going to be so fucking pissed if the orange MFer successfully nukes the NFLX WBD deal and hands it to shit ass company PSKY. He shouldn't even be "involved".

Jeffoxy

justice department’s antitrust chief stepped down effective immediately perhaps 🥭 ordered her to block the netflix merger so his bff ellison can have WBD?

himynameis_

Investors don't like the WBD deal because it changes Netflix from an asset light company, to a heavier streaming service with a heavy studio attached. This will take some years for management to stabilize and smooth things over.

SerpentRoyalty

Short term, stock will go up once uncertainty is gone. Long term, depends on how quickly they can integrate WBD into their products.

Tough-Tiger1479

There’s also the uncertainty factor — even if the deal is likely, it’s not guaranteed. That “big IF” makes investors nervous. On top of that, the acquisition price is around $82B. The stock could recover after the deal closes, but Netflix will still be committing a huge amount of capital either way. For context, their 2025 revenue is about $45B — roughly half of what they’d be spending on the acquisition. From a strategic perspective, though, the combined scale could be significant. Netflix has around 320M subscribers, and WBD has roughly 120M. That would bring the total to about 450M, which could materially strengthen their financials over time. The expectation is that the combined cash flows might allow them to pay down that debt within roughly 2–5 years, which isn’t unreasonable. I believe the acquisition was expected around April, but I’d need to double-check that. Also, a large portion of the bridge loan has already been converted into longer-term debt — including a $5B revolving credit facility, about $20B in a delayed-draw term loan, and another \~$20B issued as corporate bonds. That said, this is just my opinion based on part of my personal analysis. It’s not financial advice — always do your own research. Anyway, hope this helps a bit 🙂

SpellAdvanced1

But the risk regulatory risk seems to be lower here at this point, the real risk is activist investors pushing WBD to end the Netflix deal and go with Paramount which will net Netflix a $2.8bn fee.

wwb_99

Fun part is Paramount is willing to pay the fee if they can win approval from WBD's board.

Prestigious_Log_1783

You’re right previous deal was cash and stock and Netflix will fund an “all-cash” deal through loans. They’ll manage it I’m sure but everyone sees the risk if they don’t realise the value of owning WBD media.

AluminiumCaffeine

Nibbled some NFLX today for the first time in years, seems kinda reasonable here? WBD thing adding mud in the water though

Prestigious_Log_1783

I heard they were looking to buy WBD with cash and some share equity, and then later went back and said they’d fund the deal using all cash.

Chevyimpala2000

Because of the WBD deal. It will always be looming on the horizon until it's completed, so the stock could tank further until then. The WBD deal will completely change the valuation of NFLX. They will acquire massive debt and need to increase revenue to pay off that debt. Right now the feeling among Wallstreet seems to be that the WBD deal will not translate to immediate returns for NFLX. Yes, maybe in 10 years this acquisition will turn NFLX into a media powerhouse monopoly, but if it's in 10 years, people aren't going to be buying right now. I personally would love to own some NFLX shares, but don't see any reason for it to reverse the trend in the near future, until the deal goes through. For that reason, I am watching until it either does something crazy like drop 20% in one day to give me a margin of safety, or a little after the deal goes through.

morodolobo77

Large amount of potential debt if the WBD deal goes through, market wide bearish sentiment… do you live under a rock.

knoqd_

Does NFLX need to drop to $10 for those regards to realize that the WBD deal is a bad idea?

Internal_Field5970

Knight of the Seven Kingdom got me back in the GoT feels Fuck I wish they had whole season out I would say WBD calls but lul 

radioref

I tried to play WBD by buying $35 calls in Jan along with selling puts at $90 for NFLX thinking barbarians at the gate, but instead it's been "slog in the mud and destroy shareholder value"

ethereal3xp

The WBD acquistion still in limbo? The next chapter of Squid Game or K-Pop Demon Hunter can't come soon enough..

ThreadfallRider78

SAP is discounted too. Another I’m keeping my eye on: NFLX (if the WBD buy goes thru, it’ll go to the moon)

A55BAG

So they'll become spotify? But if they get WBD that would be quite serious content moat. Content is king when people think what subscriptions to cut...

Last-Register-934

Activist investor opposing the NFLX and WBD merger? Must be little known billionaire Barry Jellison?

DarkR124

Inversing WBD wins again. Not sure if these $82 HOOD puts will hold til morning though.

pandadogunited

Netflix shareholders aren't a fan of buying WBD. They are a fan of WBD paying a fee for backing out of the deal. WBD going to Paramount is a win as far as they are concerned.

GoldenPresidio

Also there’s a break fee that WBD needs to pay at this point which is worth like $2/share

ThinkingOfTheOldDays

also EU anti trust won't let nflx buy WBD, so there's that. admin will be happy to oblige them it's more bullish for nflx tho, imo

d33p7r0ubl3

Thinking about a PSKY position. No way the corrupt DOJ lets NFLX buy WBD

ETFBro4DaWinz

My NFLX thesis is basically that WBD merger is gonna be an absolute shotshow, and there will be a time to buy in when everyone thinks its permafucked like they did with WBD

Organic-tide

No one mentioned that Donald recently bought Netflix and WBD bonds. Neither was it mentioned that Europe's regulators also have a say in this merger and they may be even tougher on this than the DOJ. Lastly, do you think WBD board would take $33 per from Paramount?

kumar4848

WBD shareholders already voted and told Ellison to F off but he keeps coming back with daddys money. But this time daddy cant help him since Oracle is embedded in debt and daddy got problems of his own. Netflix deal will get approved by WBD but getting thru the judicial process will be a tough road. I own shares and options on NFLX.

ShadowLiberal

Yeah, IMO there's way more consolidation issues with paramount then Netflix. Paramount would own virtually all the big name cable TV channels, and a bunch of the free over the air TV channels if they acquired WBD. Even if cable TV is a dying segment that can still get deals killed for antitrust issues, it already has in the past. There would also almost certainly be way more job losses since Paramount already has their own movie studio, but Netflix doesn't.

michael_curdt

Larry Ellison is a Republican and Trump supporter. All he needs to do is say that he will buy 10% of Trump’s shitcoin or take 10% stake in DJT and WBD will be his. He has the money and influence to sway the deal in his favor. I think all this drama and theatrics is to just make it look legit. I predict that Paramount is going to win this battle.

foulpudding

A lot of comments like yours are being downvoted, but essentially that’s the situation. The political climate is 100% full of corruption and the Administration wants control of all media in the hands of conservatives and the “anti woke, anti-anti-fascists” (i.e. racists and fascists) I own a few thousand shares of WBD and while I’ve voted (with the majority) against acquisition by Paramount, the administration are going to work against Netflix on this as hard as I’m working against Paramount.

CryptoBoy-007

It's more for show with no real substance; Netflix and WBD could sue, and they have some serious solid arguments.

xXFoxyGrandpaXx

Good thing PMNT didn’t get the WBD deal, Ellison couldn’t afford to back it now 🤡

PalpitationSmooth992

if NFLX stays above 80 the rest of the week im gonna double down on friday been waiting to see if the sell the US motive combined with WBD nightmare would send it down to a 3 year low that rep Cleo fields loves this stock and she added another half mil

pink_ego_box

Yes I'd love to keep paying to be slapped in the face with Netflix-WBD franchises like lesbian trans SJW Batwoman.

ETFBro4DaWinz

Paypal has a $5 billion net income and it has half the market cap of WBD. Cant resist this price tbh

SuperRedHulk1

That really doesn’t matter if they attempted a hostile merger or activist takeover. Paramount was going after WBD when they were 5x smaller.

abrahamlincoln20

I said it now, didn't I? I didn't catch the bottom in PYPL, I'm down almost 25%. But this is normal in value investing. I was also down almost 30-40% in total in WBD at some point, but eventually went to gain 200%. Read some Buffett.

Impressive_Put_8239

All this red is def not because of the market because its practically sitting at aths whole netflix continues to break lower. All because of the WBD deal and antitrust + woke content from Elon that spiraled the downfall.

Difficult_Physics704

Calling NFLX would be the smarter move imo. Only thing pulling Netflix back right now is WBD deal being stagnant. Any news and this stock bounces up at least 10-15%

alegrefranz

egarding entry I’m watching the multiple, not the price. I want 20x-22x earnings. At \~$80 (31x PE), we are still paying a 'Tech' premium for what is becoming a 'Media' balance sheet. My buy zone is \~$50-$55. It sounds aggressive to call for another 30% drop, but if the WBD deal happens, the debt load will force the market to re-rate this to a utility multiple. I'd rather miss the bottom than catch a falling knife during a structural re-rating

AntoniaFauci

Days like today I like to look away from the dumpster fires and see what else is quietly on sale. BROS at $50 is a bargain. Consumer is allegedly OK. Institutional owners of SBUX are pumping the sector so desperately with media blitz that consumers might be Fed beverage ads but remind themselves they love alternatives like Dutch Bros. Stock hit $85 the last time we had actual data from them. UBER mid $70’s here may also be a gift. NETFLIX has won television, period. We see Disney flounder while NFLX core business is humming on 12 cylinders. Only overhang is the WBD deal, but it seems like every analyst has come around to see what some of us were saying here on day zero, that whether or not the deal closes is positive for NFLX. They continue to get huge viewership on laughably small costs for “sports and entertainment events”. Like skyscraper climbs, bar fights, single golf matches, etc. These are a steal compared to inking mega-billion dollar league sponsorships. Let Apple pay hundreds of billions for F1 while Netflix pays millions for Drive To Succeed. Averaging down on CNSWF.

HazardousRhombus

Welp this NFLX WBD deal is dead.

AntoniaFauci

Seems like a better move might have been to bring in an outsider to pump it and sell it. Organize a WBD style bidding war and ultimately sell it to imposter-founder Musk for some gains from here.

expert-on-reddit

🙂‍↔️ nope pinned in the $80s unless news on WBD deal or notable insider/fund/Berkshire accumulating. cathie woods doesn’t count.

Drgnx0

Unless Larry plans to barter his island, owning one doesn't do much for WBD investors. Having net worth isn't the same as having money to spend.

Paloma_Hayasi

If the WBD transaction goes through the thesis changes instantly. You can't put a SaaS multiple on a company loaded with Warner's debt. I feel like the market is completely ignoring the balance sheet risk of that deal

Samjabr

Dear CNBC, No one gives a shit about DIS, WB, PARA, etc. These stocks have gone nowhere for over a decade and have a combined value that is insignificant. Sincerely, Dude sick of fking WBD/PARA/NFLX Stories

radishr

Not until this whole takeover drama with WBD gets settled (one way or another)

hv876

Ya know I think that’s one reason they switched around to an all cash offer for WBD

LordSnarfington

Being punished for taking on debt, huge risk whether they can successfully incorporate assets from WBD, but if you believe they can they secure streaming dominance with a theatrical pipeline. There would be nowhere else to get the quality you find in theaters or HBO except the NFLX family. If they can't, the stock will be punished for years most likely. Luckily, I have years and I'm buying. Biggest risk to me isn't WBD assets it's the fact they have to compete for eyeballs with short form video platforms which take away engagement

InvestingMonkeys

I have been ignoring their offer. Majority of WBD shareholders rejected their offer already so now they are just trying to buy up shares from those who will sell them to try a hostile takeover by having a majority voting stake.

avilacjf

Completely agree. I think this is a non-trivial aspect of the WBD acquisition too. The IP has growth potential in a world of generative media. The algorithms that they use to identify what shows/microgenres are likely to succeed also give them an edge in a world flooded with AI media. Their hit rate will be better and their recommendation engine can keep the curation side of the user experience dialed in as well. Similar thesis for Warner Music Group imo. We know AI can reliably improve through RLHF and the main downside is that the accuracy and reliability drift, but with aesthetic media like music RLHF can scale basically infinitely. The large catalog of artists allows for music directly inspired by existing artists as well as fine-tuning models on the highest quality content without fear of IP breaches.

Used-Addendum-6834

Is WBD that worthy?

Spins13

I thought they still had 80 bil to spend on WBD. Why not use that instead?

Pecosbill52

This explains why no new offers WBD.

labowner85

100%. Netflix calls or even an outright buy is going to work great in the long run. Larry won’t get WBD

nodakakak

God, I wish we would stop seeing market consolidation. Have GE buy WBD, anyone else in any non-competing sector, just not another streaming service attempting to swallow competition.

owmysciatica

If they can pay $30, they can surely pay $100. Otherwise tell them to go jerk themselves. We don’t want Skydance owning WBD.

Masverde66

If everyone did that then Netflix wouldn’t acquire WBD and their stock wouldn’t be as valuable. You’re just helping Paramount win a hostile takeover.

Stonks303

Holding your WBD shares for a cash buyout from Netflix is dead money. Personally, I'd sell my WBD shares for the $30 and use the cash to buy Netflix. The real question is why isn't Paramount either going into market outright buying or selling put options to get assignment.

H_o

with gold prices so high, shouldn't we be going all in on WBD? Gold Rush gonna be lit

EnvironmentalYou1590

Same. Hopefully it can rally hard and the $WBD happens.

upwy

larry ellison bought cbs and paramount, ruined. he put that clown bari weiss in charge and cbs news is a laughing stock. he bought tiktok, ruined. mass exodus. if crazy larry gets WBD, batman will be ruined forever.

LoathedOne

Too busy trying to buy WBD to move up

HazardousRhombus

How exactly is the government putting a large sum into NFLX dude? POTUS bought $1-2M of bonds. Hardly has control over the company or its acquisition of WBD.

HMI115_GIGACHAD

The primary question you should be asking yourself is if you believe the WBD will be a bullish investment for management to make. If you think the ROI from that will be a net positive for the company than i would keep the shares. I averaged up on Netflix on this short attack. Netflix has one of the best management teams in the world.

TAKINAS_INNOVATION

I own both of them. Trimmed them both down a while back. Netflix probably won’t do anything until the WBD deal is done. Spotifys founder stepped down and he was the one who turned Spotify around and made them profitable. When people were clowning on them for podcasts and laughing. He saw the vision of a super audio app and executed on it. He’s stepping down from ceo this January. That’s why these two companies are down. They’re still both good companies and probably won’t go anywhere but that’s what hanging over these companies at the moment.

miTgiB37

So Netflix buying WBD hasn't changed your feelings yet? Mr Market is saying otherwise with the stock declining. Personally I see it as positive for Netflix either way and if it drops to the 70's I'll add to my position

wheresbicki

I wouldn't be so sure of that. Look at the Trump administration trying to meddle with the business decisions of various corporations. The WBD buyout, threatening CBS to censor in order to approve a buyout from Sky dance, their threats to remove the Intel CEO, forcing Amazon to remove information about how customers are paying for tariffs. The main winning argument the US still has is that they still have an independent federal reserve. Guess what happens in May....

himynameis_

The businesses are set up very well for success. Uber bookings is growing in the +20% range right now in their Eats and Mobility. It accelerated last quarter. Their TAM is increasing, and they are taking market share. Their Uber One membership is growing too, and each member spends a lot more on Uber with subscription than without. And Dara has partnered with 12 different AV partners globally. They're launching AVs in 10 new cities this year. They're an asset light, fcf machine, with management saying overall they intend to spend half their fcf on buybacks. Brookfield Corporation has massive scale. They're owner operators of the real assets of the economy, the backbone of the economy. In Power, bridges, toll roads, etc. They've pivoted 20 years ago to raising capital with investors for their projects and have grown very successfully, in the 18% range for the last 20 years. They've recently added in their Insurance business which is doing very well, as is their Private Credit business. Moreover, they're going to benefit big time with the AI boom, as globally, we are energy constrained. And all the big players, big tech, sovereign countries, are partnering with BN to build more energy. With Nuclear, the USA government gave BN $80B to build nuclear plants. BN is one of the top owners of hydroelectric dams globally. They're building more solar+wind+battery plants which are in high demand for AI workloads. Meta is just a beast in social media. They're undervalued now, growing revenue by +22%, with strong operating leverage, growing DAUs in their family of apps, currently 3.4B users. Massive. MasterCard has had negative sentiment due to fears of stablecoin and trump not understanding how credit card debt works. But they're the rails for payment systems globally. Very strong position. Netflix may/may not be undervalued now. But with WBD they'll be a much heavier business. Long-term compounding machine.

ShadowLiberal

I don't know about the whole year, but for the moment buying more NFLX and V/MA. For NFLX I think that the market is really underestimating the chances of NFLX not getting WBD, and overestimating the risks of it not working out. And even if they don't ultimately get it at today's price who cares, they'd just be paying money to keep it from Paramount longer. On V & MA I think that people really overestimate the chances of the credit card interest rate cap passing, while also forgetting that V & MA don't loan money, it's the banks that would eat the loss from the lower interest rates.

bdh2067

Loading up here. Both shares and LEAPs. Even if a currupt gov hands WBD to paramount, NFLX will be seen as the winner. If they succeed in buying WBD (by presenting some ridiculous gold trophy of faux peace prize), the short-term hiccups are likely priced in.

SalukiKnightX

I took $270 and with a lot of maneuvering turned it into $575 split between my Brokerage and Roth IRA. It’s at the point it’s hovered around this amount for the better part of 3 years. This after starting 16 February 21. I know it’s not much, but getting out of crypto going into etf’s buying full on single shares of Walmart and Disney at certain times helped (I have a share in WBD but only through inheritance via ATT, it only started growing recently after being an albatross for the majority of my ownership). I don’t know how I managed steady growth but it’s being hands off when needed and pro-active when times permit. So far, it’s been… fascinating.

Cesare5747

Definitely a chance for it to reach 95 in that time frame, Paramount offer was extended to Feb 20th so if that offer expires without any word from WBD you might see a significant rally. Got 2 weeks to expiration for my 88$ call and I'm feeling pretty confident. (Up ~70% already)

_hiddenscout

NFLX is also on my watch list right now, I'm still iffy on them, since I do think the WBD thing will blow over, just worry more about the debt because of the acquisition.

One-Ad5769

Needs time to digest WBD. Then up.

WordsHappenedHere

Just avoid it until the WBD is done. It won’t go up until the deal is done

ElectrocutedNeurons

Netflix is fundamentally dead and Youtube will do to Netflix what Netflix did to Blockbuster. 1. You cannot compete in entertainment against infinite ugc content The name of the game is content variety. On Youtube I can watch wsb compilation, cop shootings, sports, memes and everything in between. Netflix has none of this. You can see the same dynamic with Tiktok vs Reels vs Shorts, Tiktok has a clearly superior variety of contents and that's why they are winning massively. 2. Netflix is only strong in the category that matters the least: movie Movie is a slowly dying category and you can see this everywhere in the numbers: Hollywood earnings, number of theater watchers (see AMC stock),... Even the Hollywood strike is a result of this. The WBD acquisition will be looked back as a mistake - in doubling down on a losing category Netflix will lose everything. 3. Netflix does not have any advantage against Youtube the way it does against other streaming platforms Both Netflix and Youtube are very good at tech (ease of use, streaming quality, development speed,...). Back in the streaming war Netflix has advantage in everything except content, now they just have no advantage against Youtube. 4. Generative AI has and will change entertainment significantly Unlike other industry, hallucination is a good thing in entertainment, not a bad thing. AI can generates infinite content by the time a human made even just one. Hollywood is a dinosaur industry that actively resists this inevitability, and Netflix will die in the fiery death with the dinosaurs.

lurch1_

Its dead money until it completes the WBD merger and absorbs it...could take months or even a year. Take a look at SNPS after announcing the ANSYS deal. Its been 2 years now and the stock still sucks.

k7rw

The might pull off the WBD deal by April but I think Ellison will cuck

arigold940

bought a ton of nflx shares for the 1st time yesterday.. if they win WBD, shits moon shotting

Able_Show_8560

$NFLX is a buy here. Whenever this WBD thing gets worked out its gonna shoot back up to $100. NFLX is market leader in streaming and streaming is a super strong sector because everyone is lazy and stays home and puts on netflix on the background while they scroll

Happy_Discussion_536

Larry Ellison: >BUT Dadddddy I want WBD and I want it NOW 😭😭😭🗣️🗣️🗣️🗯️!! >Ted Sarandos thinks he's better than ME at running companies!! I'm NOT leaving my room until YOU raise more money 💢😤!

Three_of_a_kind3515

I like NFLX a ton.. we have owned the stock since 2008.. but I don’t see it moving upward or downward any time soon.. maybe a dead cat bounce, but since the stock split.. just too many shares and them stopping the buyback so they can use the cash to buy WBD.. ouch. I wish you luck, but 325 million subscribers is the most of any streaming subscription and their ad tier is gaining traction.. I see sideways till next year.

Difficult_Physics704

I sold at 300 expecting a wall but they ran straight through that shit. Google did the same thing to me. Also sat on my hands on WBD at $12 and didn't jump on board before they sold and missed 100% gains there.

Totallycomputername

I got some $92 calls today for Jan 2027. Who knows how long the WBD is gonna mess things up but this shit isn't staying down forever. 

AutisticGayBear69

🥭owns bonds in NFLX and WBD so this could work out.

AutoCodes

I honestly can’t believe the direction Netflix’s stock is taking right now. I understand the concerns around the WBD situation and the recent slowdown in growth, but it’s impossible to ignore the reach Netflix already has. For millions of households, it’s basically a utility bill at this point. And with everything happening around the Ellison/Paramount deal, I can’t help but wonder how much of the market’s reaction is fundamentals and how much is big players reshuffling their positions. Not saying anything shady is happening—just acknowledging that large moves in the industry can create noise across the whole sector. Either way, I’m sticking with Netflix. The long-term story still makes sense to me.

Neat-Voice2456

Here’s my way of thinking about this, and how I think Netflix is as well. In the age of UGC, AI slop, TikTok, short form content, the way you differentiate yourself is with strong IP. And strong IP is extremely difficult to spin up. Much of the world’s strongest media IP is 20-50+ years old. No amount of money can replicate the DC Universe. You need money, but you also need brilliance and time. If you try to compete with YouTube, TikTok, Instagram on content that they can produce, you’re going to lose. But if they have Kai Cenat China trip and you have a new Christopher Nolan Batman movie starring Leonardo DiCaprio (making this all up), you can compete. You have differentiated product that is based on strong IP. Then, as you mentioned, the IP benefit for other forms of media. Netflix has started releasing these “Netflix houses” in malls, which desperately need strong IP. Gaming is another big one that benefits hugely from IP. I think Netflix can target people who are not traditionally gamers with very casual, interactive, story based games. The way Netflix differentiates themselves in the era of UGC is maximum quality and legendary IP. And that’s exactly what WBD provides.

Rayzor_Rancher

Betting NFLX takeover bid of WBD fails which will free up cash and ignite massive share buybacks. So I'm now in deep itm 2/20 $75C at .85 delta. Looking for a 20% pop eow.

_hiddenscout

I think NFLX is pretty interesting where it's at. The thing is, it's going to have the overhang of the WBD deal until it's done and the company is going to take on a fair amount of debt to do it. MSFT is probably my favorite of the bunch. AMZN is my least favorite, just because I worked there as an engineer and I only like the AWS part of the business. Not a fan of the retail side and my biggest fear as an investor is that Amazon reinvests so much that it continues just to focus on growth.

Lost_in_Torontoh

His network is probably hundreds of millions, 1 million a bond bought by his asset manager is irrelevant. Doesn't tell anything about the WBD and Netflix deal.

himynameis_

I suspect over the next year it will be "dead money". As in, markets will push the price down due to uncertainty around regulators for the WBD acquisition. Plus the uncertainty of Netflix successfully integrating WBD. I own shares at $94. I believe long-term, the WBD deal is very good for Netflix.

brute-forced

Lmao, NFLX is trying to buy WBD… that’s all you need to know

AcrossFromWhere

This sub has brought quite a few winners to me. RKLB, ASTS at $4.00/share, WBD, RCAT/ONDS. Once you get past the memes it’s useful for early identification as long as you are choosy.

Stitch426

An analyst questioned in their commentary that why would they need WBD? Are they having lower engagement and need them now? So NFLX added uncertainty to the stock in two ways. Going head to head and making investors wonder if there is a fundamental problem that may not be fixed cheaply or quickly.

Iunatic

Yeah I understand that. However I think it's better than the big tech companies burning money on data centers like META since you can tangibly see what kind of monstrous media moat they are creating with the WBD acquisition. I am going to slowly build a position from here.

Strange-Ingenuity420

Netflix dropping a cash-on-hand offer for WBD is beyond bullish. Recovery soon.