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Rishabh Mishra

Bill Ackman Lost $400 Million on NFLX Stock in 2022 — Now He’s Back With a 3.15M-Share Bet, Saying Netflix Has ‘Won the Streaming Wars’ (UPDATED)

Bill Ackman Netflix Pershing Square MA NFLX V Nasdaq NYSE Netflix Inc

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Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

Billionaire investor Bill Ackman is returning to Netflix Inc. (NASDAQ:NFLX), taking a 3.15 million-share position four years after a $400 million loss. The new position represents 4.9% of Pershing Square’s portfolio and reflects Ackman’s renewed confidence that Netflix has emerged victorious in the streaming wars.

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One subscription that gives you access to news from hundreds of sites

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