Bill Ackman Nixes Netflix In 2022: Here's How Much He Could Have Made

Netflix Inc NFLX stock is down Friday after the company beat analyst estimates for the second quarter. Investors see the beat as lower than expected, and higher costs in the second half could be scaring some away.The streamer is trading near all-time highs. Patient investors earned strong returns over the years — 146% over the last five years. One investor who may not have been patient enough was Bill Ackman.Ackman Buys Netflix: Pershing Square Capital, Ackman’s hedge fund, acquired 3.1 million shares in Ne ...