Now that it doesn’t have to pay for Warner Bros., Netflix is using its capital to buy back more shares: The streaming giant ...

Netflix's stock is down more than 16 percent over the past six months.

Netflix’s board has added $25 billion to the streaming giant’s stock-buyback program.

This move from Netflix follows its withdrawal from a high-profile bid to acquire assets from Warner Bros. Discovery.

Netflix's board of directors has authorized a stock buyback of an additional $25 billion. The move comes as the company looks ...