Carl Icahn's business empire just became Hindenburg's latest target. Here are some of the short seller's other big bets.
The activist investors questioned the sports-betting firm's valuation compared to its rivals and also alleged that Bulgarian company SBTech, which it had merged with as part of its own SPAC listing, generated significant amounts of revenue from questionable gambling practises in overseas markets, including Asia.
DraftKings shares plunged 4% lower the day of Hindenburg's report and have crashed another 55% since then, trading at just under $22 at last check.Elon Musk bid to take Twitter private for $54.20 a share in April 2022 – and one month later, HindenburgThe activist investor predicted that Musk would be able to renegotiate that deal to a lower price after Twitter posted poor quarterly results and the world's second-richest man said he'd sell his existing 9.
Hindenburg closed its short position just eight days later, when shares had plunged to just over $35. It then announced a
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Analysis: Icahn's mark-up of meat packager extraordinary but possible, experts sayAs investors and financial experts pored over Hindenburg Research's allegations against activist investor Carl Icahn's holding company this week, one easy-to-verify claim stood out in the short seller's report.
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Icahn Enterprises stock zooms to best day since 2008Shares of Icahn Enterprises L.P. were heading to their highest one-day percentage increase since October 2008, snapping an eight-session losing streak...
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Who Got Richer And Poorer This Week: Carl Icahn Gets Raided, Loses $6.5 Billion; Shopify CEO Lays Off 20%, Gains $1 BillionInvestors rallied behind positive outlooks for Uber and Shopify. But one billionaire investor has been under fire, and the Lauder family saw their fortunes drop.
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Who Got Richer And Poorer This Week: Carl Icahn Gets Raided, Loses $6.5 Billion; Shopify CEO Lays Off 20%, Gains $1 BillionInvestors rallied behind positive outlooks for Uber and Shopify. But one billionaire investor has been under fire, and the Lauder family saw their fortunes drop.
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Who Got Richer And Poorer This Week: Carl Icahn Gets Raided, Loses $6.5 Billion; Shopify CEO Lays Off 20%, Gains $1 BillionInvestors rallied behind positive outlooks for Uber and Shopify. But one billionaire investor has been under fire, and the Lauder family saw their fortunes drop.
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