There’s a reason people pay so much attention to Carl Icahn — the corporate raider/activist investor, depending on how you want to characterize him. It’s because he knows what he’s doing.
On Wednesday morning, Icahn tweeted out that he’d closed his position in Netflix, that is, sold off the last of his stock.
Sold last of our $NFLX today. Believe $AAPL currently represents same opportunity we stated NFLX offered several years ago.
— Carl Icahn (@Carl_C_Icahn) June 24, 2015
He bought 10 percent of the company three years ago at $58 a share; it topped $700 a pop this morning.
Icahn walked away with $993 million from Wednesday’s sale, but is estimated to have earned about $2 billion total over the past three years from his investment in Netflix
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.