Hedge fund boss Bill Ackman takes £300 million hit dumping Netflix stake

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Hedge fund boss Bill Ackman takes £300 million hit dumping Netflix stake
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Bill Ackman has dumped his stake in Netflix at a loss of £306 million after the streaming business suffered a 35% drop in its share price

Ackman’s investment firm Pershing Square only backed the streaming giant in January, buying 3.1 million shares at the cost of $1.1 billion .

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Evening Standard /  🏆 102. in UK

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