As shares of Netflix (NASDAQ:NFLX) have fallen more than 6% this week, retail investor sentiment on platforms like Reddit and X has shifted noticeably. The stock now trades at ~$76.88, down 26% over the past year and 18% year-to-date. On a pre-split basis, Netflix has tumbled from around $1,323 in June 2025 to an equivalent of $769 today, representing a massive 42% decline. The drop follows mounting uncertainty around its $82.7 billion proposed acquisition of Warner Bros. Discovery (NASDAQ:WBD), which has multiple hurdles to clear before any kind of approval will come through. 

Reddit Turns Cautious After Warner Bros. Deal Uncertainty

Mentions of Netflix on Reddit’s r/stocks surged in recent weeks, with users questioning the…