Netflix’s co-CEOs found themselves in an unusual position after the company’s latest earnings report: on the backfoot. The streaming pioneer’s decision to plunk down nearly $83 billion on Warner Bros’ assets marks a significant departure from the company’s long-standing mantra: build, don’t buy.The stock, which has lost more than 15% since Netflix made its first offer on Dec. 5, was down nearly 8% in premarket action on Wednesday as co-CEOs Ted Sarandos and Greg Peters found themselves having to explain their aggressive push that has forced them to suspend share buybacks.With the expensive deal hanging over its head, Netflix delivered a tepid revenue beat for what is usually one of its strongest quarters, and forecast equally dull prospects for the new year. Is Netflix becoming unpopular ?
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