a bunch of idiots on Wall Street

Usually, those "idiots" are pension funds, mutual funds, and ETFs owned by retail investors. And, this is normal for a mature company to no longer have insiders control the vast majority of voting shares.

Also, Netflix free float stock is no longer controlled by a few people. It is widely held, and it hasn't lost sight of its mission. It continues to optimize employee and customer satisfaction with great success for their stock price. (No, I am not a shill for Netflix.)