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  "documentTitle": "Pershing Square | Activist Presentation Deck | 68 slides",
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  "presentationDate": "2022-02-01 00:00:00",
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      "text": "1/20/22: The company issues lower than expected short-term guidance on margins and next quarter's subscriber growth. NFLX's substantial stock price decline was further exacerbated by recent market volatility",
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      "text": "Note: The performance of Netflix's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation.",
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      "text": "Reinvestment of Hedge Proceeds into Netflix",
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