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Benzinga
Benzinga
Adam Eckert

MYSTERIOUS: Why netflix shares are rising today | Mind Blowing Facts

Netflix Bill Ackman Pershing Square

Netflix Inc (NASDAQ:NFLX) is trading higher Thursday morning after Pershing Square's Bill Ackman announced he bought more than 3.1 million shares of the streaming giant, making Pershing Square a top-20 shareholder in the company.

Ackman expressed admiration for Netflix co-founder and co-CEO Reed Hastings and "the remarkable company he and his team have built."

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