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I wonder if they have short bets (in systems like InTrade or similar shadow trading systems) on the companies they drag through the dirt.
by jrs235 14y ago
I wonder if they have short bets (in systems like InTrade or similar shadow trading systems) on the companies they drag through the dirt.
- samstave 14y agoI'd bet they do. and they probably have some hedge fund backer thats specifically creating these shorts.
- bitcartel 14y agoProbably not. First, if you search InTrade you won't find anything related to LivingSocial. Second, it's not legal for anybody in the US to bet via InTrade[1], and Privco is a US company with it's founder Sam Hamadeh based in New York[2]. [1] http://dealbook.nytimes.com/2012/11/26/after-regulatory-sanction-intrade-closes-to-u-s-investors/ http://dealbook.nytimes.com/2012/11/26/after-regulatory-sanc... [2] http://en.wikipedia.org/wiki/Sam_Hamadeh http://en.wikipedia.org/wiki/Sam_Hamadeh