Why Bill Ackman thinks Netflix stock is undervalued

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Pershing Square Capital Management CEO Bill Ackman joins Yahoo Finance Executive Editor at Yahoo Finance's 2026 Invest conference to share his viewpoint on embattled streaming giant Netflix (NFLX). Video Transcript 00:00 Speaker A you know, Netflix like this uh stock's down since we bought it. Uh it was down about 50% since we bought it. Now it's probably down 60% or so from the high on kind of reduced, you know, as it called engagement, people spending uh on average less time with their Netflix subscription. That's a global statistic. Um, you know, the the there are different habits in different countries in terms of how people use uh Netflix.