Bill Ackman Dumps Netflix Stake, Takes $400 Million Loss

seekingalpha2022-04-21

Bryan Bedder/Getty Images EntertainmentBill Ackman sold his large stake in Netflix (NASDAQ:NFLX) Wednesday after the company reported a surprise drop in subscribers and looked to tilt toward an ad-...

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Comments

Chris68
2022-04-21
Chris68
👌
MIe
2022-04-21
MIe
Netflix to fix biz model
whereareyou
2022-04-21
whereareyou
Short short short.
JC888
2022-04-21
JC888
Is this a confession of Bill Ackman / Pershing Square that the fund has made a "wrong" investment. And it is not his or the funds fault because Netflix is not meeting his / the fund's requirement of high degree of predictability. And just like that, the hands have been washed clean with a down side of 435 million investors' money. Wow right !!
JamesfromSG
2022-04-21
JamesfromSG
He's prob one of the major reasons why the stock crashed 😄
JamesfromSG
2022-04-21
JamesfromSG
Wow..

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href=https://seekingalpha.com/news/3825074-bill-ackman-dumps-netflix-stake-takes-400-million-loss><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bryan Bedder/Getty Images EntertainmentBill Ackman sold his large stake in Netflix (NASDAQ:NFLX) Wednesday after the company reported a surprise drop in subscribers and looked to tilt toward an ad-...</p>\n\n<a href=\"https://seekingalpha.com/news/3825074-bill-ackman-dumps-netflix-stake-takes-400-million-loss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4532","symbol_name":"文艺复兴科技持仓","start_time":0,"source_url":"https://seekingalpha.com/news/3825074-bill-ackman-dumps-netflix-stake-takes-400-million-loss","article_id":"2229971545","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2229971545","pubTimestamp":1650506643,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking 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where he has lost confidence to predict its future.Pershing Square lost about $435M on its 3.1B share stake in the company, based on Wednesday's closing price, according to Bloomberg.Ackman announced on Jan. 26 he had accumulated a stake in Netflix (NFLX) over four trading days that made him a top 20 shareholder in the company, citing \"attractive valuation\" given declines in the stock in reaction to disappointing subscriber growth numbers.\"While we have a high regard for Netflix’s management and the remarkable company they have built, in light of the enormous operating leverage inherent in the company’s business model, changes in the company’s future subscriber growth can have an outsized impact on our estimate of intrinsic value,\" Ackman said in the letter. \"In our original analysis, we viewed this operating leverage favorably due to our long term growth expectations for the company.\"\"Yesterday, in response to continued disappointing customer subscriber growth, Netflix announced that it would modify its subscription-only model to be more aggressive in going after non-paying customers, and to incorporate advertising, an approach that management estimates would take 'one to two years' to implement,\" he said. \"While we believe these business model changes are sensible, it is extremely difficult to predict their impact on the company’s long-term subscriber growth, future revenues, operating margins, and capital intensity.\"\"We require a high degree of predictability in the businesses in which we invest due to the highly concentrated nature of our portfolio,\" he added. \"While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty.\"\"Based on management’s track record, we would not be surprised to see Netflix continue to be a highly successful company and an excellent investment from its current market value. That said, we believe the dispersion of outcomes has widened to a sufficiently large extent that it is challenging for the company to meet our requirements for a core holding.\"Pershing Square Funds are down 2% year to date after the sale.SA contributor Paul Franke made the \"crazy\" case to buy Netflix.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9082326178,"gmtCreate":1650526825812,"gmtModify":1676534744982,"author":{"id":"3575974639321365","authorId":"3575974639321365","name":"Chris68","avatar":"https://static.tigerbbs.com/1ae39a12c3ba237f3b001689ec9a549b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575974639321365","authorIdStr":"3575974639321365"},"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082326178","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9082369389,"gmtCreate":1650524229695,"gmtModify":1676534744607,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Netflix to fix biz model","listText":"Netflix to fix biz model","text":"Netflix to fix biz model","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082369389","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9082948807,"gmtCreate":1650514056054,"gmtModify":1676534742818,"author":{"id":"4106958589832490","authorId":"4106958589832490","name":"whereareyou","avatar":"https://static.itradeup.com/news/1e1404e84b34f5746764c809e3ee03f2","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"4106958589832490","authorIdStr":"4106958589832490"},"htmlText":"&nbsp;Short short short.&nbsp;","listText":"&nbsp;Short short short.&nbsp;","text":"Short short short.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082948807","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9082940297,"gmtCreate":1650513482783,"gmtModify":1676534742716,"author":{"id":"3570103090255456","authorId":"3570103090255456","name":"JC888","avatar":"https://community-static.tradeup.com/news/f3e3c0218599fca5c4e265ddbee1fb32","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3570103090255456","authorIdStr":"3570103090255456"},"htmlText":"Is this a confession of Bill Ackman / Pershing Square that the fund has made a \"wrong\" investment.&nbsp; And it is not his or the funds fault because Netflix is not meeting his / the fund's requirement of high degree of predictability.&nbsp; And just like that, the hands have been washed clean with a down side of 435 million investors' money.&nbsp; Wow right !!","listText":"Is this a confession of Bill Ackman / Pershing Square that the fund has made a \"wrong\" investment.&nbsp; And it is not his or the funds fault because Netflix is not meeting his / the fund's requirement of high degree of predictability.&nbsp; And just like that, the hands have been washed clean with a down side of 435 million investors' money.&nbsp; Wow right !!","text":"Is this a confession of Bill Ackman / Pershing Square that the fund has made a \"wrong\" investment. And it is not his or the funds fault because Netflix is not meeting his / the fund's requirement of high degree of predictability. And just like that, the hands have been washed clean with a down side of 435 million investors' money. Wow right !!","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":29,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082940297","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9082983034,"gmtCreate":1650509570955,"gmtModify":1676534741777,"author":{"id":"4090044065782350","authorId":"4090044065782350","name":"JamesfromSG","avatar":"https://static.tigerbbs.com/d251750cfb493127443c3b9990000f69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4090044065782350","authorIdStr":"4090044065782350"},"htmlText":"He's prob one of the major reasons why the stock crashed 😄","listText":"He's prob one of the major reasons why the stock crashed 😄","text":"He's prob one of the major reasons why the stock crashed 😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082983034","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9082980619,"gmtCreate":1650509450870,"gmtModify":1676534741724,"author":{"id":"4090044065782350","authorId":"4090044065782350","name":"JamesfromSG","avatar":"https://static.tigerbbs.com/d251750cfb493127443c3b9990000f69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4090044065782350","authorIdStr":"4090044065782350"},"htmlText":"Wow..","listText":"Wow..","text":"Wow..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9082980619","repostId":2229971545,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":141,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2229971545"}