Hedge fund boss Bill Ackman takes £300 million hit dumping Netflix stake

Australia News News

Hedge fund boss Bill Ackman takes £300 million hit dumping Netflix stake
Australia Latest News,Australia Headlines
  • 📰 Evening Standard
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Bill Ackman has dumped his stake in Netflix at a loss of £306 million after the streaming business suffered a 35% drop in its share price

Ackman’s investment firm Pershing Square only backed the streaming giant in January, buying 3.1 million shares at the cost of $1.1 billion .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Evening Standard /  🏆 102. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Vote with your heart’: Juliet Stevenson joins protest against UK immigration bill‘Vote with your heart’: Juliet Stevenson joins protest against UK immigration billActor boards boat with other celebrities and refugees in attempt to persuade Tory MPs not to back bill
Read more »

Why so many people are still outraged over the government’s Nationality and Borders Bill voteWhy so many people are still outraged over the government’s Nationality and Borders Bill voteThe Nationality and Borders Bill, which includes the divisive Clause 9, is currently under review by parliament
Read more »

Florida advances bill to repeal Disney’s private district amid ‘don’t say gay’ feudFlorida advances bill to repeal Disney’s private district amid ‘don’t say gay’ feudState senate passes measure with big tax implications as governor clashes with company over its criticism of law
Read more »

Florida advances bill to repeal Disney’s private district amid ‘don’t say gay’ feudFlorida advances bill to repeal Disney’s private district amid ‘don’t say gay’ feudState senate passes measure with big tax implications as governor clashes with company over its criticism of law
Read more »



Render Time: 2025-03-13 10:13:26