Ackman Bets Big on Netflix Again, Declaring Streaming Wars 'Won'
Billionaire investor Bill Ackman is making headlines again, plunging his hedge fund Pershing Square back into Netflix stock four years after a costly exit. The move, part of Ackman's biggest portfolio overhaul in years, signals a strong belief that Netflix has decisively won the 'streaming wars' despite the company's shares trading significantly below their previous highs. Pershing Square acquired 3.15 million Netflix shares, now making it 4.9% of the fund's portfolio, with Ackman citing Netflix's dominant subscriber base, efficient content spending, and robust free cash flow as key drivers.
















