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I wouldn't say they were ahead at least in terms of reputation. They targeted India's Adani group and failed. The Supermicro "revelation" was also a damp squib.
by hiyer 2y ago
I wouldn't say they were ahead at least in terms of reputation. They targeted India's Adani group and failed. The Supermicro "revelation" was also a damp squib. I suppose they made plenty of money with their short-selling though, so in that sense they are, perhaps, ahead enough.
- jojobas 2y agoLooks like the jury is still out on Adani.
- omcnoe 2y agoSupermicro stock is down 40% from the publishing of the report, hardly a damp squib.
- fakedang 2y agoOnly failed Adani because they misunderstood how deep the Indian government would go to join in the cover-up, instead of actually investigating it. The Big 4 auditor for Supermicro literally quit, citing concerns. It's the SEC's job to do the investigating (and it's failed badly and likely to fail more with the coming admin).
- mkagenius 2y agoI wouldn't be surprised if Adani just asked "How much money will you make in your life time?" And just offered the same to close the firm.