U.S. Stocks Movement | Netflix (NFLX.US) Rises Over 3% After Billionaire Ackman Makes Major Purchase

According to Zhihu Finance APP, on Tuesday, Netflix (NFLX.US) rose more than 3% to $78.75. In April this year, billionaire investor Bill Ackman's Pershing Square Capital just completed a new fundraising of $5 billion. In the second quarter, he fully exited Alphabet and allocated the freed-up funds to heavily invest in Netflix, whose stock had experienced a significant correction in the first half of the year. During the second quarter, Pershing Square bought over 13 million shares of Netflix, with a market value exceeding $934 million, accounting for nearly 5% of its portfolio.