The self-styled activist investor has sold roughly half of his stake in the streaming service.
According to an SEC filing on October 22, Icahn sold 3m shares between October 10-22 to take advantage of the 457% rise in shares since he acquired a little over 9% of the company 14 months ago.
The trade leaves Icahn with a 4.5% stake in Netflix.
Shares closed at $322 on Tuesday after spiking close to $400 on Monday.
Executive also addresses licensing of features and shows.
Advertising membership grew 65% quarter-on-quarter.
EXCLUSIVE: Film and TV financier rebrands as Hindsight following management restructure.
The Hammer Films EIS Fund will back film and TV projects.
EUROPEAN FILM FORUM: Peter Dinges has said the industry is still suffering the after effects of the 2008 financial crisis; execs call for ‘European Netflix’.
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