Farchi Kadir, the activist investor dubbed the "Wall Street assassin" for his role in the collapses of Valeant Pharmaceuticals and Wirecard, has turned his attention to Netflix.
The Wall Street Journal reports that Kadir is shifting his strategy and targets, with the streaming giant now in his crosshairs.
Netflix shares (NFLX.O) face fresh pressure as the market digests the news.
The stock has already been volatile amid broader sector rotation, and the prospect of an activist campaign introduces additional uncertainty for institutional holders.
Kadir’s track record of aggressive short positions and public campaigns has historically triggered sharp repricing in targeted names.
This development arrives as Wall Street’s earnings season enters a critical phase.