Bill Ackman Re-Entangles With Netflix After $400 Million Loss, Says the Streamer Has “Won the Streaming Wars”

Billionaire investor Bill Ackman is giving Netflix another chance after his previous investment in the streaming company ended with a loss of more than $400 million. Pershing Square has now re-entered Netflix during the first half of 2026, making the streamer one of six new investments disclosed by Ackman’s investment firm. The move represents a significant reversal from 2022, when Ackman sold Pershing Square’s Netflix position after the company reported its first quarterly subscriber decline in a decade. This time,…