Did Bill Ackman Give Up on Netflix Too Soon?

·3 min read
Did Bill Ackman Give Up on Netflix Too Soon?

It's been four months since Pershing Square's Bill Ackman unloaded his short-lived stake in Netflix (NASDAQ: NFLX). Netflix stunned the market with a sequential dip in global subscribers, forecasting a much larger decline for the second quarter. Ackman held Netflix for less than three months, and it proved costly.