In April of 2022, Netflix surprised the markets by reporting its first subscriber loss in nearly 10 years. The stock tumbled 35% the following day, as investors panicked. Famed hedge fund manager, Bill Ackman, immediately sold his entire stake in Netflix for a $400 million loss, only after holding it for just over three months.
Last April was a tough month for Netflix stock, yet fast forward — and in one brief year, Netflix is up 41% from where Ackman sold the stock and is up 84% since the low on May 12.
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