Netflix has reportedly walked away from a bid to acquire Roku after losing a bidding war for Warner Bros. Discovery. This is evidence of the company's expertise in not overpaying for creative content.

At first glance, that sounds ambitious. Netflix already carries a massive valuation, and subscriber growth has slowed from its early hyper-growth years. But the company is also evolving in ways that ...

To be honest, I was surprised that Netflix (NASDAQ: NFLX) hadn't tried to buy Warner Bros. Discovery (NASDAQ: WBD) years ago. It looked like a perfect match, ripe for the picking, and the perfect ...