Bill Ackman Lost $400M On Netflix Shares In 2022: How Much Would The Billionaire Investor Have If He Didn't Sell?
In 2022, Bill Ackman bought $1 billion of Netflix stock at $400/share, but sold at $225/share in April 2022, losing 40%. The stock rebounded to $700/share in 2023, resulting in a potential $1 billion gain. Ackman's hedge fund had a negative return in 2022 but bounced back in 2023 and 2024.