Is Netflix's Warner Bros. Acquisition a Mistake?

Netflix's stock has fallen steadily since it announced its acquisition of WBD.Netflix (NFLX 0.84%) announced its blockbuster acquisition of Warner Bros. Discovery (WBD 1.19%) on Dec. 5. Since then, the stock is down 20%, including an after-earnings sell-off on Tuesday.The earnings call gave Netflix management its first chance to convince shareholders that the deal was in its best interest, but it seems to have come up short.Netflix stock fell approximately 5% after hours on the report, even as the results w ...