Bill Ackman buys Netflix again after four-year absence, calls it winner of streaming wars

Bill Ackman's Pershing Square Capital Management has disclosed a new stake in Netflix in its semiannual report, marking his return to the stock four years after exiting. Ackman stated his belief that Netflix has won the streaming wars. The move signals renewed confidence in Netflix's long-term business prospects from one of Wall Street's most prominent investors.