Hey - he is not suffering. He is a billionaire. But it seems like an ill timed sell.
Doesn’t bother me.
What a screwup he didn’t last very long when the fire got hot serves him right terrible company 🤪
I wonder if the guy did it before or after Elon Musk’s statement that Netflix is suffering from ‘woke disease’.
Just remember. Netflix paid millions to the Obamas to help produce programming. The anti-Midas touch in action.
Every movie Netflix is involved with has 2 guys kissing or in a relationship.
Ackman was the genius who tried to renovate all the JCP stores including removing registers when they were bleeding money. Surprised he still has money with decisions like this.
Netflix is crashing BECAUSE of inflation.
What's the first thing you cut back on when budgets are tight?
You get rid of non-essential things like streaming services.
In fact, all the paid streaming services are going to crash.
If wokeness were to blame, then Netflix would have cratered years ago.
This scumbag was talking down the market in March of 2020 all the while waiting to buy on the 23rd at the lowest point and make billions.
Good he gets roasted.
Does he get to write the loss off on his taxes?
If so, the loss is more valuable to him than what he would have made selling at a better price.
Other people’s money
I dumped my Netflix stock after they debuted “Cuties”. It’s lost 55% of its value since.
Netflix, the new Blockbuster!
Economic reality started to return in late 2021, and the results have been brutal for many recent high flyers.
Here is a four year, monthly, candle stick chart for Netflix.
Six months ago, people were paying $700 a share for Netflix. In after hours trading today, people were selling for $222 a share. Brutal!
> locking in a loss of more than $400 million
Meh. You win some, you lose some.
If you are in a position to invest a billion plus in a firm, a scant three months ago, how can you not have seen this report coming?
This is from 5 years ago. Re/read knowing what we know now...
Streaming services are just newfangled cable companies. They charge you for content you don't want in order to get to the content you do want. They're just a different overpriced gatekeeper standing between you and the content you want.
Somebody wants to make money: Rent DVDs/Blurays.
I'm sick of being charged for access to crap I don't want. Which is the vast majority of what's on offer.
😄
