Bill Ackman lost $400M dumping Netflix — now says it ‘won the streaming wars.’ Should you rebuy a stock that burned you?
Bill Ackman lost $400M dumping Netflix now says it won the streaming wars.’ Should you rebuy a stock that burned you? Thomas Kent Mon, August 17, 2026 at 3:15 AM PDT 8 min read PS GC=F NFLX V MA Photo by Patrick T. Fallon / AFP via Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Few people willingly revisit a $400 million mistake. Bill Ackman just poured more money into his. The Pershing Square CEO has bought back Netflix shares (1), four years after dumping an earlier stake at a huge loss. The new position accounted for 4.9% of Pershing Square's portfolio as of June 30 (2). Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 6 ways to build wealth like a landlord without actually being one JPMorgan still sees gold hitting $5,000/oz by Q4 and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold The ta...