Ackman and Wood's purchases reflect that many in the market think the sell-off in big-name technology stocks has gone too far.
The transactions, made on behalf of a Hastings family trust, raised the amount of his beneficially-owned shares by 1% to 5.16 million.
Ackman's Pershing Square snapped up Domino's Pizza stock last year, and plowed about $2 billion into its portfolio holdings in the spring of 2020.
Shares fell more than 25% last week after Netflix gave weaker-than-expected guidance for subscriber additions in the current quarter.
Ackman's Pershing Square fund invested in Netflix after the streaming giant's stock price tumbled by a third in a matter of weeks.
The Fed needs to deliver a big rate hike to "shock and awe" the market in order to restore its inflation-fighting credentials, investor Bill Ackman said.
Recalculating the consumer price index with different rent increase data would send November's reading to 10.1% from 6.8%, according to Ackman.
Bill Ackman made more than $2 billion through savvy trades around the time of the first coronavirus sell-off in March 2020.
"Stakeholder capitalism will drive much needed increases in wages, but also higher energy costs," Ackman tweeted on Wednesday.
The Pershing Square chief made his case to cool down the US economy, referencing a notorious quote from the financial crisis to underline his message.
Even the best investors can fall prey to a stock market fad. For example, no further than hedge fund legend Bill Ackman and his disastrous SPAC.
A group of law firms "view the assertion that SPACs are investment companies as without factual or legal basis," according to a published letter.
"Investing in securities is all the company has ever done since its IPO," the complaint said, noting how it has operated more like an investment firm.
Recent filings reveal Seth Klarman's Baupost Group slashed its stake in Pershing Square Tontine Holdings by 20% in the second quarter of 2021.
Drugmaker Roviant Sciences had been plotting a novel take on the popular SPAC deal, according to a report from Bloomberg.
The Pershing Square chief also forecasted higher interest rates and seemed optimistic that he could find a worthy substitute for Universal Music.
Ackman's SPAC is back to square one after regulators questioned the structure of the Universal Music deal.
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