Topic: #media

Bill Ackman Reverses Course on Netflix, Cites Strong Cash Flow and Subscriber Base

Investment mogul Bill Ackman has made a surprising move by purchasing Netflix shares again, marking a U-turn from his previous sale in early 2022. Pershing Square Capital Management, Ackman's hedge fund, now holds 3.15 m

2d agostock-marketinvesting

People Inc. Prioritizes MGM Deal, Buybacks as It Explores Sales of Non-Core Assets

People Inc., a digital media company, is focusing on its MGM minority stake and its People media business while seeking new homes for several non-core assets. The company submitted an offer to acquire the remaining MGM s

2d agomadigital-media