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Netflix woes could be just the start of an investor reckoning

Investors are finding new ways to value the company that pioneered an industry and is perhaps reaching maturity first

Netflix has proved quite adept at pleasing the masses. Finding more of them is getting to be the real problem.

Both dynamics were evident in the streaming giant's fourth-quarter results Thursday afternoon. Netflix added nearly 8.3 million new paid subscribers during the quarter -- its best growth in a year as the company has dealt with the aftermath of the pandemic's pull-forward effect.

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