Today's Hard|Forum Post
  • News Anchor Trolled: Edward Snowden = Edward ...
  • For Sale: Marantz AV8802A (New/Sealed)
  • 980ti vs Fury X
  • Star Citizen Selling A $900 Ship
  • WTS: iPhone 6 64GB Space Gray - Unlock
  • How Many Websites Are There?
Follow Us on Twitter
  • Gaming [H]eadlines: Dead Space 3 Screenshots ...
  • Taiwan Wants Apple To Blur Satellite Images O...
  • AMD to Host 2012 Data Center Efficiency Summi...
  • Rosewill Capstone 750W Power Supply: Legit Re...
  • Judge Denies Megaupload's Motion to Dismiss: ...
  • Facebook Cracks Down On Fan Pages For Crimina...

Wednesday October 31, 2012

Carl Icahn Buys 5.5M Netflix Shares

Looking at Mr. Icahn's track record, I'm betting he calls for Reed Hastings to step down within a month.

Billionaire investor Carl Icahn has seized on Netflix's recent troubles to build a 10 percent stake in the Internet video service. Wednesday's disclosure about Icahn's stake in Netflix Inc. caused the company's stock price to surge by 16 percent in late afternoon trading. Icahn's filing with regulators didn't specify why he decided to buy 5.5 million Netflix shares.

Comments