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Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 million shares it had bought just three months ago as Netflix' shares tumbled 35% to $226.19.

The Russian invasion of Ukraine means that World War III has “likely already started,” according to billionaire hedge fund manager Bill Ackman. “In January 2020, I had nightmares about the potential for a pandemic, but everyone seemed to think I was crazy. I am having similar nightmares now,” Ackman tweeted on Saturday. He added: “WWIII has likely started already, but we have been slow to recognize it.”

Bill Ackman disclosed a new, billion-dollar bet on Netflix in a letter to clients on Wednesday. Ackman's Pershing Square has snapped up more than 3.1 million Netflix shares since Friday, giving it a roughly $1.1 billion position, the billionaire investor revealed. His hedge fund's 0.7% stake makes it one of the video-streaming giant's 20 largest shareholders, he noted.

Bill Ackman has spent the last five years trying to drive the supplement company Herbalife out of business.He took a $1 billion short position in the company in December 2012, after which its stock dropped 10 percent in six seconds, which led to a temporary trading halt.He informed investors at a 3 ½-hour slide show presentation in Manhattan that same month in which he plodded through a 342-slide presentation that characterized the company not as a multilevel firm that marketing energy and diet drinks, vitamins and skin products but as “the best-managed pyramid scheme in the history of the world.”He...

Last fall, I wrote a piece about Hedge Fund Billionaire Bill Ackman and his unmitigated assault on the health products company Herbalife; Battle of The Hedge Fund Titans. It was an interesting piece about one man’s personal vendetta and attempt to take down a famously successful American company. The short of it (no pun intended), is that Bill Ackman used his hedge fund company, Pershing Square, to take a $1 Billion short position in Herbalife. Thus, banking on the failure of the company to profit immensely, while actually attempting to trigger that failure. Herbalife fought back and the demise of...

Valeant shares plunged as much as 40 percent after an influential short-seller accused the company of fraud, saying it used its relationship with specialty pharmacies to inflate revenue. With the stock’s dramatic swings, Ackman’s portfolio lost as much as $820 million during the day but the loss lessened to roughly $650 million as the price inched up again in mid-afternoon. Cable television station CNBC reported that Ackman bought an additional 2 million shares of Valeant on Wednesday.

One down, two to go. Bill Ackman appears to have a scorecard tracking which college presidents lose their jobs for their congressional statements on on-campus antisemitism, and now he's training his full fire on the two university leaders who remain. (excerpt) And Ackman's quest seems to be picking up after Liz Magill, president of the University of Pennsylvania, resigned from her position on Saturday. On Sunday, Ackman penned an open letter to Harvard's governing boards of directors, where he reiterated his call for Claudine Gay to be removed. "In her short tenure as President, Claudine Gay has done more damage...

Billionaire hedge fund manager Bill Ackman is forecasting 'economic meltdown' within hours of the banks opening up on Monday morning following the failure of Silicon Valley Bank. Ackman is urging for the U.S. government to finally step in and protect all of the bank's depositors, warning inaction could lead to a ripple effect across other smaller banks within the industry. The worry is that customers will rush to withdraw cash from their accounts fearing instability across the banking system with the very real possibility of a domino effect.

A billionaire New York hedge fund manager who's a leading Democrat donor has come up with an unusual suggestion for reducing inflation - recommending that the U.S. government bring down wage costs by welcoming in more migrants. Bill Ackman, who as CEO of investment firm Pershing Square Capital Management is worth an estimated $3.2 billion, said that the current tactics employed by the government to bring down inflation were 'a blunt tool' and not effective. He claims increasing the supply of workers would also increase the output of the US economy, thus bringing down prices.

In this episode of “Here’s All You Need to Know About the So-Called ‘Mainstream’ Media”…Liberal-“leaning” billionaire hedge fund manager Bill Ackman, founder and CEO of Pershing Square Capital Management, said on Thursday he was contacted by the media and asked if his Twitter account had been hacked after he posted a series of tweets in defense of Kyle Rittenhouse, the now 18-year-old on trial for murder in Kenosha, Wisconsin. Rittenhouse was 17 at the time of the two alleged murders.Before we continue, here’s the thing. The “why” I chose to write this article.First, it’s not about Bill Ackman. Who’s Bill...

American hedge fund boss Bill Ackman has made $2.6 billion by betting against the markets just days after stoking fears by saying 'hell is coming' and begging President Donald Trump to shut down the country amid the coronavirus pandemic. The Pershing Square Capital Management hedge fund manager said his firm had made $2.6billion from a one-off bet that the coronavirus outbreak would cause a global market crash. His firm seized upon bond market turmoil during the coronavirus crisis in buying 'credit protection on various global investment grade and high-yield credit indices'.

In his retirement, former L.A. Mayor Antonio Villaraigosa has decided to enter the exciting world of multi-level marketing, taking on a new role as adviser to Herbalife, the Amway of nutritional supplements. The move comes as Herbalife hires lobbyists and gears up for a battle on Capitol Hill over its business model. Congresswoman Linda Sanchez has asked the Federal Trade Commission to investigate whether the company is actually operating as a pyramid scheme. villaraigosaherbalife2.jpg Wikipedia Another silly photoshop image Herbalife looks to be signing up Democrats who might have some sway with the Obama administration. Today, the New York Post...