Billionaire investor loses more than $583m on three-month Netflix bet - The Australian Financial Review

Bill Ackman ditched his stake in Netflix after losing more than $583 million on his investment in less than three months.

Netflix peak Netflix shares climbed as the coronavirus pandemic took hold and peaked in November, more than doubling from the start of 2020. With Wednesdays plunge, the stock is now down 62 per cent… [+2046 chars]

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