Latest News

Alibaba: Near-Term Headwinds Won’t Derail Long-Term Growth, Says Analyst

0

Reuters

Ackman’s fund likely feeling the Netflix pain as shares plunge

Three months ago hedge fund manager William Ackman cheered when Netflix’s stock price suddenly dropped, buying up 3 million shares as other investors fretted over weak subscriber growth at the streaming company. On Tuesday, the billionaire investor’s hedge fund, Pershing Square Capital Management, was likely nursing losses as Netflix shares tumbled 26% in after-hours trading after the company reported losing subscribers for the first time in a decade. Ackman, who routinely moves stock prices by buying into or exiting a company, did not say how much he paid for his Netflix stake, which he unveiled to his investors on Jan. 26.

Personal Finance Daily: If you wear a mask on a plane will it protect you from COVID-19 and new-home construction improves despite high inflation

Previous article

In One Chart: Cathie Wood’s flagship ARK fund tumbles more than 60% from its 2021 peak

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News