Home / Business and Economy / Tiger Global Ditches Netflix, Invests in AMD and SpaceX
Tiger Global Ditches Netflix, Invests in AMD and SpaceX
15 Aug
Summary
- Tiger Global exited its Netflix holdings in the second quarter.
- The firm acquired new positions in AMD and SpaceX.
- Big Tech stakes were trimmed, indicating portfolio adjustments.
During the second quarter, Tiger Global Management made notable adjustments to its investment portfolio, according to regulatory filings. The firm completely exited its position in Netflix, a significant move away from the streaming giant.
Concurrently, Tiger Global reduced its stakes in several other prominent Big Tech companies. The firm also strategically initiated new investments, acquiring positions in Advanced Micro Devices (AMD) and the private space exploration company SpaceX. These actions reflect a broader portfolio realignment by the investment management company.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
