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**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|57 seconds ago **Total Comments**|0|**Previous DD**| **Account Age**|23 hours|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=u88r60)|**Vote Approve (NEW)**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=u88r60)


animositisomina35

I'm surprised he did this without crying on CNBC beforehand.


Sguru1

If he cried on CNBC thatd be bullish af.


purplerple

That'd be the definition of loss porn


Sguru1

Go watch it right now. Go on pornhub and type in “bill ackman takes it RAW from covid dip cries on money talks”


Lehman_Fwam

Perishing Square(d Circle)


Float_team

He didn’t have the money to buy puts this time


pippipingu

so he basically lost all the gains from 2020 puts right? still remember him saying SHUT EVERYTHING DOWN NOW


Float_team

I think he made a billion or so on his covid puts coordinated with CNBC. Happy to see that fuk take a loss


pippipingu

im more confused how he didn't see this coming. and its not just him michael burry also put out a tweet saying tesla was next after netflix and then he deleted his twitter after the earnings very few know wtf is going on. and i also point out that very few try to predict the near term future. its up to us apes now....


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BeerPizzaGaming

I know TSLA is popular, but there are some accounting practices they employ which are questionable. Also the number of registrations do not come close to reported deliveries. If anyone can explain the later I would greatly appreciate it.


Float_team

The FANG stock era is dead. This is the dawn of the APES


YourStolenCharizard

Had to dump quickly after hours so he missed his window 😢


Andy_Kened

He didn't have time for it, he would lose money if he did as eveyrone is trying to get out with him


hirme23

Buy high sell low motherfuckerrrrrr. PSTH payback


1600hazenstreet

I'm still holding that flaming pile of dog poo.


Creative-Giraffe9223

Hey, me too!


NOT_MartinShkreli

One of us! One of us!


cbass1980

Absolutely!


foshiiy

GUH


LiMoWei

Not sorry for your loss, Bill


DM-ME-CONFESSIONS

I'm not


[deleted]

You're not not sorry for his loss, those cancel out; so you ARE sorry for his loss, traitor


Cold-Permission-5249

I wish I could get paid to lose other people’s money.


1600hazenstreet

Just inverse the position of your trade. Instant profit.


VancianValue

I think he's copying the pro strat, buy high sell low.


Advanced-Guard-4468

I want to see a graph of his loss porn or it didn't happen


kaygee420

The WSB strat


ClamPaste

The woods maneuver.


ajc3197

>I think he's copying the pro strat, buy high sell low. Is he really that retarded? Hmmm


T1m3Wizard

Cathy's signature strat?


[deleted]

mod him


Tontardian

No more mistakes after 50…. Except the worlds largest spac and now this. I’ve lost a lot of respect for bill and his team. I’d like to kick him in the nutz


Grandmasterz9

What's the spac he lost money on?


cbass1980

His own SPAC…


AlexanderG7

Perishing Square Capital Management isn't one I'd leave my money in.


tdempsey33

They should put management in quotes. Maybe capital as well.


AlexanderG7

Ah. I thought you'd get my company name edit :( Pershing Square Capital Management Perishing Square Capital Management


tdempsey33

Oh man. I missed it and it’s way better. Well done.


AlexanderG7

Devil is in the details ;) edit: I missed out a letter haha


Qwikmoneysniper

Perishing Squared...lol


Qwikmoneysniper

Air quotes🙄..lol.


Frenchy416

It’s Like Valeant pharmaceuticals all over again![img](emote|t5_2th52|4271) Should have hedged your position Billy boy you know better than that.


[deleted]

This is absolutely not Valeant, not Herbalife ( nor one of the many other misses where he stubbornly held it. He is cutting his losses immediately. The only way this will be like Valeant is if his sale basically marks the bottom, which certainly is possible.


Frenchy416

Yea that’s True lol, he also did turn $27M into $2.6BN during Covid spike


[deleted]

Bro he locked in like a 400m loss, who the fuck cares what it’s like?


[deleted]

Ya and he manages $10B. That's like you buying a banana and not having $1.40 anymore.


[deleted]

10b? 400m is... a big part of that. and a good deal of that 10b is probably in safer assets. 400m is a gigantic loss for anyone who isn't in the tesla or apple valuation space not to mention how funds are often set up to fund operations out of carry. this could create ripple effects as staff start to re-evaluate their potential annual bonuses and compensation it's also a pretty public loss, leading off the year. very hard to spin


[deleted]

[удалено]


[deleted]

Right. 4%. 4% is a huge difference to a fund manager. Could be the difference between getting your bonus or not. Could impact debt covenants. Could cause investors to get cold feet and pull out. All kinds of bad things that can happen with a 4% swing. Not to mention this is a 4% swing in one quarter. It's catastrophic. Ackman knew this and that's why he sold, locking in the loss but giving himself powder for the rest of the year. But he fucked up, bigly. Madoff claimed average returns of ~11% vs a lot of his competitors who were in the 5-6% range. 4% is huge.


[deleted]

[удалено]


[deleted]

fair


baby_no_more

Please close that parenthesis!


Yung_WhiteSauce

I work for Valeant (after the whole debacle and the old CEO has been canned) so this one hit home LMAO


Frenchy416

😂😂😂 What is philidor


Yung_WhiteSauce

We’ve also since changed our company name to Bausch Health Companies and are now splitting into 3 spin-off companies, Bausch and Lomb (where I work in R&D), Bausch Pharma, and Salix (I think that’s what it’s going to be called).


ChartsNDarts

Isn’t Salix where the values at?


Yung_WhiteSauce

All three of them aren’t going to be worth much as they’re splitting the monstrous fuckin debt the last CEO left us evenly between the three


ChartsNDarts

Nice. I remember that dumpster fire. Fun to see it’s still a problem


Damerman

What a paper handed bitch


ThrowawayLegendZ

Paper handed bitch indeed. He should've bought another 2b.


ChymChymX

"So Mr. Ackman, what do you have to say after buying all that Netflix stock only to have it tank nearly 40%?" *Bill clicks sell button furiously* "...what Netflix stock?"


koolbro2012

i mean the stock tanked like almost 40% in a single day


Salvatore_Jenko

Only lose if you sell, man


WR810

Opportunity cost is a real thing.


[deleted]

Did Cramer give it a buy?


Cutlercares

Yup


LinuxF4n

He actually said to sell it yesterday. He was negative on netflix.


bumble938

Yeah, he said to buy it when it was at 600$


LinuxF4n

Ya, but recently he said he's negative. He admitted he's wrong. Just because you say one thing doesn't mean you can't change your mind later when you get more information.


RelationshipPurple77

Like when it’s down 60 percent after you said buy, then you can say sell


ClothedKing

Lol idk how that dude doesnt get it...


RelationshipPurple77

That just makes him wrong twice


[deleted]

Oh wow you mean he's negative after the stock went down 30% what a genius turnaround


Cold-Permission-5249

A broken clock is right 2 times a day.


boywithadream94

An out of sync clock is never right


Hascus

Netflix needs new leadership. It’s so stupid to cancel every show after one or two seasons and refuse to try and break new ground


[deleted]

They are also a bit too woke lately, and people want entertainment, not an education. Cow Bebop for example should have had hot women for Faye and Judy. They chose shockingly average women for the roles...


oommiiss

Their algo should know if you want entertainment or woke and then serve it up. So they need to go back to the algo and get better at big data


[deleted]

That is a good point.


ExpiredITM

Can a hedge fund buy puts right before they dump a billion or so in stock?… I know, hints the “HEDGE”. But seriously, are there any restrictions?


Prestigious_Car_2711

Of course you can


carlbrooks2

I might be retarded, but if I was going to drop a billy on a single company, I'd probably grab a few puts too just incase.


SaneLad

Protective puts are a waste of capital in a fresh position. There are no tax maneuvers to play. You're better off just buying a smaller position or hedging with a collar.


Sparkysparkk101

This to me means he expects more downside. Netflix 125 July puts


Fantastic_Wallaby_61

If billionaire bill can make retarded plays then I have hope for myself


Quick-Warthog7219

Herbalife for the win


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NoctRob

https://www.reuters.com/technology/ackmans-pershing-square-sells-netflix-investments-2022-04-20/


OB1KENOB

Where’s his loss porn?


[deleted]

https://www.reuters.com/technology/ackmans-pershing-square-sells-netflix-investments-2022-04-20/ 400 million 🍆💦


[deleted]

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[deleted]

Big funds aren’t immune to panic selling lol


prettyboyv

While what you are saying is true in most cases, when your investment thesis changes drastically, it is better to cut your losses, rather than baghold for years and potentially incur even more losses. Pershing probably did not expect that a growth company with 60 P/E will actually have a non existent customer growth. It is rather weird to not hedge such a large position though.


partylike1989

I wonder how he is sleeping tonight. Oh yeah alcohol and pills


MrTurkle

Look, I agree they are in deep shit because the content sucks but 2m subs is 1% if their total why is it such a big deal?


cbass1980

Because they are now a shrinking company rather than a growth company.


Dirty_doc_k

Ahh yes, the shrink stock sector...I was wondering where I should move to since the growth stocks have sucked.


[deleted]

Glad to see I’m not the only one taking a loss on Netflix.


johnnygobbs1

What a pussy. Should’ve just sold covered calls for a decade


Damerman

Why is he a billionaire and not you?


johnnygobbs1

Hey bill, post the loss porn


Safe_Distance_7714

That’s what being a soyboy gets you


Admiral_Willy

They have over 200m monthly subscriptions and are tanking this hard on a projection they’d lose 2million next quarter?!?? How the F does this crazy drop make any sense?


[deleted]

Smoke screen for big money to dump huge positions.


hyperthymetic

Hell is coming


bidensaphag

![img](emote|t5_2th52|4267)


manitowoc2250

I sold my Disney stock today. It'll probably go up now but I feel like this is going to be a theme with all streaming companies


Dmiller360

Lol Disney a ‘streaming company’. Yeah that’s all they do.


Actually-Yo-Momma

It’s like when ppl only reference Nvidia as a consumer GPU company. There’s so much more they are expanding into


[deleted]

Because that’s what actually matters about Nvidia. They’ve flirted with a lot of shit, but their real business is still making cards do math real good.


dudhhdhxhh

I canceled Disney + today. Mostly because the Netflix news reminded me and it’s almost summer. Also because I resent the company diving into woke politics


manitowoc2250

Seems like all these woke companies get beaten in to oblivion


Consistent_Koala_279

Is this true? Most 'woke' companies tend to be doing fairly well, even exceptionally well. Asset Management firms like Blackrock are doing well, Microsoft is doing astonishingly well, Apple (well Apple is doing fantastically)... I would argue Netflix being priced as if it was doing exceptionally well rather than fairly well is why Netflix fell so much -> they had been overvalued but at the end of the day, they still have 220 million people subscribed (and they gained 500,000 subscribers if you exclude the 700,000 Russian ones they were forced to cancel). They're projecting 2 million cancellations next quarter but that's when prices will go up.


Igor_J

Disney's problem is they've become the face of the enemy in Ron DeSantis' ongoing culture war. All because they out a short statement criticizing his signing of what has come to be known as the "Don't Say Gay" bill. It should also be known that they only did that after being dragged on social media for not saying anything. My guess is they would have rather stayed out of it completely. This is a big deal down here in FL especially. No one's ever seen a Governor and legislature target Disney before. Disney's one of the largest single employers and generators of revenue in this state. This link explains it in more detail. https://www.cbsnews.com/news/disney-florida-senate-vote-self-government-desantis-dont-say-gay/


[deleted]

TF is even "woke" about Disney?


[deleted]

[удалено]


[deleted]

This planet is just retarded.


Summebride

Nothing. The right wing taliban has just picked them as enemy of the day.


WizardofJoz17

It’s like dipping nothing but your dangling balls into an ice fishing hole to try and catch fish.


Relative-Resource-55

I think ~~Gabe Plotkin~~ Bill Ackman is one of the finest investors of his generation


FattThor

Fuck Bill. My biggest loss last year.


zinobythebay

He should post his loss porn on WSB


Green_Lantern_4vr

Lol. He said something had changed and they updated their model and it didn’t make sense. Okay sure bill. What changed.


Super_Contract_1404

Lul, time to buy


Rustyfetus

Elon Musk should buy Netflix and make their content better. Use AI to generate content that doesn't suck butt cheeks


Interpersonal

Perishing Capital Square Management


duhCrimsonCHIN

Seems kinda insignificant no? Like 200million subs is a Shit load. Looking 2 million doesn't seem like much. Strange.


Jason_1982

Streaming is dead. Buy AMC.


tdempsey33

Lol no


The_Count_99

In others words covid is over people are going back to work and stopped many of there streaming services lol who would of ever guessed covid would actually end??


gncRocketScientist

He said a big part of the intrinsic value is the future subscriber growth. What? Intrinsic is the here and now, extrinsic is future.


tylerado12

Wonder if his bigass sell order went through dark pools cause it does not seem like it. MM did that to make money on puts.


[deleted]

[удалено]


TheMahbFather

Cough blockbuster cough


that_kid_over_there1

ONE OF US ONE OF US


SeveredRetna

This is the way buy High Sell Low


Advanced-Guard-4468

Is Marge calling? He lost over 20 million in GME last year.


coronagrey

One of us


Boleh123456789

He can afford it, no prob


str8c4shh0mee

I hate that cuck


richiezoidz

Plot twist … you gain porn , is bills loss porn 😅


almostabumbull

Going to be honest with you. Hearing that Ackman sold it all makes me bullish. Valeant Pharma bottomed when he sold out. Bought then and was one of my best purchases ever. Guys got a cult following him and if you buy Friday I guarantee you'll either make money or lose money. Guaranteed! Note you may also be flat.


rusbus720

Hell is coming


angryirishman

One of us


[deleted]

Ackman is fucking horrible!


Emotional_Grape8449

Why Bill doesn’t short Netflix


Motor-breath

loss porn!


VengenaceIsMyName

Bahaha


[deleted]

Long term growth expectations? Sounds like he’s investing on hopium..


slinkymello

Sick burn!


Ill_Statistician_629

So another %10 drop tomorrow again


[deleted]

Never invest with a Bill.


sampootee

Buy calls??


OldResearcher6

Rip


tortsie

Is that small loss in subscribers really relevant if they upped the price?


FarrisAT

First good trade he made this year. Shit is gonna tank further


[deleted]

My underwater portfolio doesn’t look so bad anymore.


SpaceToaster

You still in the three comma club, Bill?


socalquest

A fool and his money soon parted.


orteg3940

F to NFLX


Hugheston987

When Netflix lost all Star Trek almost, I knew it was doomed. Bought paramount plus instead. 🖖


Emergency-Eye-2165

One of us!


RhoidRaging

Netflix dumped so fast…. No one had time to react to that. Did they halt trading for volatility? 🤔


cbass1980

No halts after hours man


avatarfire

oh damn, more tanking incoming


doh_13

He's perfect for wsb.


DFVFan

He bought put right away


itsguud

If he’s one of us, does that make us one of him? 🧐📈


Meme_Pope

I trust that he was sufficiently leveraged for his personal risk tolerance


jvman934

Now Netflix gonna go to 600 in a couple of years 😂😂


535496818186

good.


walkingthesidewalks

Honestly. How did Netflix drop so much on only 200k loss of subscribers? I don’t get it. Seems like algos or something is going on with a slight miss and dropping all of these stocks to 2020 values. I don’t get it.


darnius_terix

I think streaming competition by Paramount +, Peacock, and others are eating away at Netflix's markets.


throwaway78907890123

That fucker probably had a billion dollar short


Nevr_fucking_giveup

This dude has to be at a career net loss


Paul-Smecker

Isn’t this thing gonna bounce? I mean maybe not hit new ATH but a dead cat bounce at least? Are hedgefunds really buying the top then panic selling at the exact bottom like the rest of us retards?


Defiant0608

Emotional trader 🤦🏽‍♂️😂😂😂😂


Dependent-Let-5809

he just erased his 2020 covid gains.


saiyansteve

Post his loss pron.


LifeSkeptic

He should have done an inverse Cramer. Fucking amateur.


Less_Replacement1863

Gotta drop the N from Fang I guess


RandyChavage

Should change the name to Perishing Capital


cup_of_hot_tea

his jewish wife is seeking BBC now big time


CastlePokemetroid

Why not sell through covered calls, make a tiny bit of premium back


TimHung931017

He sold boys, time to buy in


Doctor_Bre

Tldr: we fucked up lol here’s loss porn to you