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Bill Ackman misses out on $1.6 billion selling Netflix stock early

Summary by Finbold
Bill Ackman, CEO of Pershing Square Capital Management, is one of the most widely-renowned investors of the last few decades. Selling Netflix (NASDAQ: NFLX) stock early was one of his starkest blunders. Ackman is an activist investor and tends to take a hands-on role in the companies in which he purchases a stake. With Chipotle Mexican Grill (NYSE: CMG), he encouraged management reform after a food safety scandal. He also pushed, successfully, f…
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Finbold broke the news in on Thursday, January 23, 2025.
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