Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Half a Billion Dollar Loss? Ack!!!

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Far and away the biggest financial story on Tuesday afternoon is the wipeout in Netflix (NFLX) shares. The stock had already lost an eye-watering 50% of its value in half a year’s time, but it wasn’t finished crashing. The stock is down another 25% after hours.

I vaguely remembered that during last quarter, NFLX also got hit hard, and that Bill Ackman had acquired a huge stake in it since it was “on sale“. I did a little digging, and my brain didn’t lie to me: