Netflix passed on the Warner Bros. mega-deal—wisely, given the legal hurdles—and while their latest earnings report was predictable, it didn’t spark investor excitement. The stock’s down 38% in a year, sparking debate: is now the time to buy? Long-term, growth is still possible, but Netflix’s pace has slowed. They’re betting big on gaming, video podcasts, and entertainment complexes—think Disney parks—but they’re no longer the fast-growing startup they once were.

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