Bill Ackman loses $400 million after Netflix shares tank ...Middle East

New York Post - Technology
Bill Ackman loses $400 million after Netflix shares tank
source : New York Post ( Middle East ) () 29
Hedge fund billionaire Bill Ackman has quickly given up on Netflix. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January. Shares of Netflix nosedived by 35% on Wednesday after the streaming service announced that it had shed...

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