Billionaire Investor's Biggest Bet Isn't Amazon or Alphabet — It's Warner Bros. Discovery
Dan Loeb's Third Point made Warner Bros. Discovery its largest holding in Q2, with 20 million shares valued at $533 million. Recent earnings beat expectations despite revenue miss.
A smart investor put a huge amount of money into Warner Bros. Discovery, betting it will do well. This shows he thinks the company is worth buying now, even though its revenue disappointed—so watch if the company can prove him right.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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