The FTSE Russell indexes will reshuffle its benchmarks, with Meta, Netflix and PayPal moving into the Russell 1000 Value Index as their weights lighten up in the Russell 1000 Growth…
Tag: Netflix
Netflix Is Now One Of The Worst Performing S&P 500 Stocks
With earnings season well under way, many big tech companies are posting losses; Amazon reported its first quarterly loss since 2015. But no company is taking the kind of beating…
Ackman Exits Netflix
After less than 3 months, Bill Ackman of Pershing Square Capital Management is dumping his stake in Netflix, Bloomberg reports. The company decided to ditch its investment after the streaming…
Pershing Square Takes Stake In Netflix
Pershing Square, the hedge fund headed by billionaire investor William Ackman, has snapped up 3.1 million shares of Netflix, reports an article in The Wall Street Journal. A recent sell-off,…