Bill Ackman Flips His Netflix Bet

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ValueWalk

What’s New In Activism – Ackman Flips Netflix BetBill Ackman flipped his Netflix Inc (NASDAQ:NFLX) bet, selling all of the shares owned by his firm Pershing Square Capital Management at an implied loss of roughly $400 million. Netflix shares plunged more than 35% on April 20, their biggest one-day drop since 2014, after the streaming giant reported a 200,000 fall in subscribers in its latest quarter. Q1 2022 hedge fund letters, conferences and more “One of our learnings from past mistakes is to act promptly when we discover new information about an investment that is inconsistent with our orig…

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