Investor pulls $1.1 billion out of Netflix after losing $400 million on share plunge

The Metro says a billionaire investor has dramatically pulled his cash out of Netflix following a plunge in the streaming service’s share price.

Investor pulls $1.1 billion out of Netflix after losing $400 million on share plunge

The Metro says a billionaire investor has dramatically pulled his cash out of Netflix following a plunge in the streaming service’s share price.

Netflix stocks took a nosedive this week after the company admitted losing 200,000 global subscribers – it’s first decrease in a decade.

Now billionaire investor Bill Ackman has liquidated the 3.1 million shares he held in the company just three months after buying them.

Ackman’s company, New York-based Pershing Square Capital Management, took a $400 million hit when Netflix share price collapsed.

https://metro.co.uk/2022/04/21/investor-pulls-1-1-billion-from-netflix-after-400-million-share-loss-16511821/

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