Billionaire Bill Ackman Just Invested in Netflix Stock. Here's Why Investors Should Care.

Bill Ackman's Pershing Square Capital Management acquired 13.1 million Netflix shares in Q2 2026, betting on the company's scale advantage, profitability, and projected 19% EPS growth. However, the investment comes with concerns about competition and decelerating revenue growth, and Ackman's poor timing on a previous Netflix position (sold at $400M loss in 2022) raises questions about his conviction.