Toby Howell

Most of them are selling access to a USA house, which is the base for the U.S.

delegation here in Davos.

And USA has had to come out and issue a warning about selling fake VIP passes that are

pledging access to trump and scott percent totally fake but apparently some billionaires were falling for this scam so that is why you and me neil have no badges or access to anything here just to avoid getting scammed of course yeah there is a little bit of schadenfreude in uh in billionaires getting scammed just like the rest of us moving on netflix may be the most valuable media company the world has ever seen but it wants you to know it's not the only television game in town

It's so funny.

They're going, oh, please don't mean Netflix.

Like, we're so small.

Everyone is so competitive against us.

And yet you do look at the quarter they just reported.

They did really freaking well.

But it does look like everyone kind of is ignoring their actual financial performance.

because all eyes are looking at this Warner Brothers Discovery deal.

Shares were down 5% after hours.

This has been a rough go of it for Netflix ever since announcing this acquisition of Warner Brothers Discovery.

Their stock has fallen over 15%, which is very decidedly un-Netflix-y when you look at actually what's been happening at the company and the financial performance itself.

So it does look like this was just an afterthought to what is actually going to happen with this big merger that is just hanging over them like a black cloud.

Still, I do want to dig into why investors are not so hot on this acquisition, even though Warner Brothers is a very valuable catalog of IP.

A lot of them thinks that it's going to

not mesh well with Netflix's culture.

Warner Brothers might bring a bloated, slower way of life to a very fast-moving company.