Ackman Dumps Google, Buys Netflix | Durham News

Hedge fund legend Bill Ackman just pulled off a bold move: he dumped nearly all his Alphabet shares—worth billions—and instead poured $934 million into Netflix. While Alphabet’s AI-driven cloud business is booming, Ackman sees its massive capital spending as a drag on profits. He believes Netflix has already won the streaming wars and is now positioned for sustainable growth, making it a smarter bet than Alphabet’s high-cost AI race. This marks a reversal from his 2022 Netflix loss—and shows Ackman’s signature strategy: betting on quality over hype. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/23e774bd91ad8989