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Wajeeh Khan

NFLX Stock Alert: What to Know as Bill Ackman Takes Stake in Netflix

Netflix (NFLX) stock is in the spotlight on Friday as markets digest the news that billionaire hedge fund manager Bill Ackman has taken a sizable stake in the streaming giant.

His firm Pershing Square Capital Management has loaded up on about 3.15 million NFLX shares, representing 4.9% of its overall portfolio.

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