ACKMAN LIQUIDATED HIS $NFLX POSITION pic.twitter.com/NAOxwRtyIc
— The_Real_Fly (@The_Real_Fly) April 20, 2022
Bill Ackman takes $400 million loss on Netflix position.
Bill Ackman, Pershing Square Capital Management founder who less than 3mths ago bought $1.1bn in Netflix stock, has sold his entire stake in comp at major loss of >$430mln. Netflix shares fell 35.1% on Wed, recording their worst day since 2004, after shocking subscriber numbers. pic.twitter.com/C5LuElkSDt
— Holger Zschaepitz (@Schuldensuehner) April 20, 2022
Full story on Ackman’s loss…
h/t CFP