Netflix Drops Warner Bros. Bid, Block Slashes Nearly Half Its Staff | The Opening Trade 2/27/2026

Netflix Inc. dropped out of the fight to buy Warner Bros. Discovery Inc., clearing the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio. Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move th...

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