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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

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Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
FinanceNetflix

Here’s how much Carl Icahn made on Netflix

Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
Down Arrow Button Icon
June 25, 2015, 12:29 PM ET
Photograph by Heidi Gutman — CNBC/NBCU Photo Bank via Getty Images

Carl Icahn tweeted on Wednesday that he was out of Netflix (NFLX) . He received an awfully lovely parting gift.

The famed investor made a reported $2 billion on his investment in the online streaming service. After announcing a 7-for-1 stock split on Tuesday, Netflix stock reached a record high Wednesday just before Icahn sold the last of his shares.

Icahn became one of Netflix’s largest shareholders in 2012 after taking a 10% stake at $58 per share. He acquired the stock with the expectation that the company would soon be acquired. Icahn’s prediction was wrong but the trade still paid off. Since the fall of 2012, Netflix’s stock has spiked more than 12-fold and has nearly doubled in this year alone.

 

About the Author
Claire Zillman
By Claire ZillmanEditor, Leadership
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Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

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