# @benzinga on TikTok

- **Type:** Video
- **Original URL:** https://www.tiktok.com/@benzinga/video/7498460287545150750
- **Gondola URL:** https://gondola.cc/posts/29966776-benzinga-tiktok
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ef032dc5fd.jpg
- **Posted:** 2025-04-28T20:15:46.000+00:00

## Caption

Hedge fund billionaire Bill Ackman's decision to sell his Netflix shares during a rough patch in 2022 has become one of the most high-profile missed opportunities today. In January 2022, Ackman revealed that his hedge fund, Pershing Square Capital Management, had purchased more than $1 billion worth of Netflix stock—about 3.1 million shares—when it was trading around $400. The move came after Netflix stock had fallen more than 65% amid concerns over slowing growth and a tech-sector sell-off. However, the bet soured quickly. By April, Netflix's stock plummeted further following a disappointing earnings report and investor uncertainty surrounding its ad-based subscription plans. Ackman exited the position just three months later, when shares were trading near $225, taking a loss of approximately 40%. In total, Pershing Square's short-lived Netflix investment cost the firm an estimated $400 million. At the time, the sale seemed prudent. Netflix's stock continued to slide, bottoming out near $175 in the following months. But in a surprising turn, both the broader tech sector and Netflix rebounded sharply. As of today, Netflix shares are trading around $1,096.87—a stunning recovery of over 168.085% from Ackman's highest estimated buy-in. Had Ackman held onto the position, those 3.1 million shares would now be worth nearly $3.4 billion, turning a brief misstep into one of his most lucrative trades ever. #billackman #netflix #stocks 

## Stats

- **Views:** 201
- **Likes:** 1
- **Shares:** 0
- **Comments:** 1

## Tags

netflix, stocks, billackman

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