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Did Bill Ackman Give Up on Netflix Too Soon?

·3-min read
Did Bill Ackman Give Up on Netflix Too Soon?

It's been four months since Pershing Square's Bill Ackman unloaded his short-lived stake in Netflix (NASDAQ: NFLX). Netflix stunned the market with a sequential dip in global subscribers, forecasting a much larger decline for the second quarter. Ackman held Netflix for less than three months, and it proved costly.