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Video: Carl Icahn Sells 2.99 Million Netflix Shares

By Clip Syndicate
2.99 million. That's how many Netflix shares billionaire investor Carl Icahn sold this month, more than half his stake. Icahn said he was sitting on a 457 percent gain and it was time to take some of his chips off the table. His son, Brett Icahn, and fund co-manager David Schechter disagreed with that view. They say the company is "significantly undervalued" and revised their performance contracts to reflect subsequent gains or losses on the shares.





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