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Definitely not illegal. This decidedly critical site [1] was created by a $12 billion hedge fund - Pershing Square Capital Management, run by Bill Ackman. At
by downandout 10y ago
Definitely not illegal. This decidedly critical site [1] was created by a $12 billion hedge fund - Pershing Square Capital Management, run by Bill Ackman. At the time they made this site, they had a ~$1 billion short position in the company's stock.
[1] https://www.factsaboutherbalife.com/ https://www.factsaboutherbalife.com/
- Bromskloss 10y agoHow did that work out for them?
- downandout 10y agoI believe they are currently losing several hundred million dollars in this particular trade. But this kind of tactic works on companies where the problems pointed out by the short seller are both real and appreciable by the general investing public.