Bill Ackman's Pershing Square Re-Enters Netflix Four Years After Losing More Than $400 Million, Says NFLX Has ‘Won the Streaming Wars’
Bill Ackman’s Pershing Square re-enters Netflix with a 3.15M share stake, declaring the streaming wars won after a historic 2022 loss.
A famous investor who lost big money on Netflix four years ago just bought shares again, saying Netflix is now the strongest streaming company. When a big investor comes back after losses, it can mean they think things have improved—so pay attention to whether the company keeps doing well.
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