#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

“Bill Ackman denies defending Sam Bankman-Fried after FTX failure” Billionaire investor Bill Ackman pushed back on claims he was defending Sam Bankman-Fried after tweeting the crypto huckster’s excuses for FTX’s collapse were “believable.” The Pershing Square Capital Management boss turned heads last week after saying, “Call me crazy, but I think @sbf is telling the truth” –following…

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#Bill Ackman loses 0 million after Netflix shares tank

#Bill Ackman loses $400 million after Netflix shares tank

“Bill Ackman loses $400 million after Netflix shares tank” Hedge fund billionaire Bill Ackman has quickly given up on Netflix. The head of Pershing Square Capital Management is $400 million poorer after selling the 3.1 million shares of Netflix that he bought for $1.1 billion in January. Shares of Netflix nosedived by 35% on Wednesday…

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#Bill Ackman retiring from short-selling, ‘vocal’ activism

#Bill Ackman retiring from short-selling, ‘vocal’ activism

“Bill Ackman retiring from short-selling, ‘vocal’ activism” Billionaire investor Bill Ackman, who spent years building his reputation as a vocal corporate agitator, now plans to work mainly behind the scenes with management and adopt what he calls a “quieter approach” to force change. Fresh off three years of strong double digit returns, Ackman told investors…

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#Vivendi shareholders back spinoff of Universal Music Group

#Vivendi shareholders back spinoff of Universal Music Group

“#Vivendi shareholders back spinoff of Universal Music Group” Vivendi shareholders overwhelmingly backed the spinoff of its lucrative Universal Music Group, home to recording artists like Taylor Swift, Lady Gaga and Ed Sheeran. With more than 99 percent approval, shareholders on Tuesday voted in favor of the plan to distribute 60 percent of UMG’s shares to…

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