Whitney Tilson Letter On Covering Netflix Short (NFLX)

Whitney Tilson, of T2 Partners, has put out a letter saying why he covered his short position in Netflix NFLX. Tilson has long been short and critical of Netflix's share price, and wrote a letter describing his reasoning for being short Netflix. Netflix CEO Reed Hastings, who is a friend of Tilson's, responded back with a letter to Tilson pleading to him to cover his short position. This was before the last earnings report, when Netflix beat earnings. Shares have rallied hard since then.