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Why George Soros Bought Amazon and Netflix

Sarah Sands
Why George Soros Bought Amazon and Netflix

Legendary billionaire investor George Soros made some changes in his firm, Soros Fund Management LLC’s, portfolio in the first quarter. According to the institutional ownership report, Vanguard Group was the first largest investor in Amazon with 28.5 million shares in 1Q18. Amazon is trading with higher price-to-earnings multiples, largely supported by strong revenue growth.