Isn’t an acquisition like Warner Bros. supposed to be good news? More content, bigger library, stronger market position… but Netflix has been dropping pretty steadily this month. It’s down over 12% even though the market isn’t doing that bad and other streaming names like Disney and Amazon are green.
Is this because of antitrust? Like maybe the market thinks regulators won’t let the deal go through? Or is it more about their recent earnings miss and high valuation?