If the reasons why you invested in a stock are no longer tenable, it’s time to reconsider that investment. $400 million is a big loss, of course, but it could always get worse: Netflix is already down more than 5% today.
On a side note...
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The Netflix fallout continues…
Famed investor @BillAckman , who back in January revealed a 3.1 million share stake in Netflix, sold his entire position yesterday for a $400 million loss.
In a note to shareholders, he wrote...
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The buzz this morning is all about @netflix and its disastrous earnings report.
The stock was already down 42% this year and is nosediving more than 35% today.
The company said it lost 200,000 subscribers and is expecting another 2 million lost subs next quarter.
Oof...
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Morning Market Minute for Tuesday, April 19:
The financial media has been obsessed with
@elonmusk's intention to buy @Twitter.
It checks all the boxes for a great story:
• The wealthiest man in the world
• The role of free speech in Big Tech
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Today is a special day as I’m proud to launch a new podcast called, “Morning Market Minute.”
This podcast is meant to help investors of all kinds by giving a quick snapshot of what’s going on in the stock market.