Netflix stock drops after top analyst downgrades it over competition fears from YouTube and TikTok despite Warner Bros. deal.

Netflix shares fell after its top Wall Street backer downgraded the stock, citing concerns that the company's acquisition of Warner Bros. content exposes it to growing threats from YouTube and TikTok, despite the deal's potential to boost its library. The downgrade reflects skepticism about Netflix's ability to maintain subscriber growth amid intensifying competition in the streaming market.