Netflix flopped on its earnings expectations and investors betting against the stock are making a boatload.
“With the stock down 15% in aftermarket trading, short sellers have made almost half a billion dollars on the stock price drop to $US83.30,” Ihor Dusaniwsky of S3 Partners told Business Insider in an email.
Hedge funds have been some of the most apt short sellers in the stock, according to a Goldman Sachs report from earlier this year.
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