Short-seller Michael Burry targets another big tech stock.
A familiar figure, Michael Burry, has set his sights on Tesla once again, and this time, he’s not holding back. Burry, who gained fame through his role in the “Big Short,” has used a popular Substack blog to express his concerns about Tesla’s valuation, stating that it has become somewhat fantastical. His perspective hinges on […]
Stock with the biggest Ethereum holdings drops following short-seller move.
Bitmine Immersion Bitmine Immersion Technologies Experiences Stock Decline On October 9th, Bitmine Immersion Technologies (NYSE:BMNR) saw its stock price drop by over 5% after a key investment firm opted to short the stock. Bitmine, led by the well-known Wall Street figure Tom Lee, is recognized as the largest company globally focusing on digital asset finance. […]
AppLovin Stock Tumbles After Short-Seller Report Alleging ‘Scammy’ Practices – Investopedia
Key takeout Applovin shares fell sharply on Thursday, with short-seller Muddy Waters claiming that the Adtech company was engaged in “con artists” practices. The report comes weeks after other short sellers, such as Fazy Panda and Calper Research, denounced the company for fraudulent and deceptive practices. Thursday's losses brought stocks that year into negative territory. […]
Carvana shares tumble after short-seller claims ‘accounting grift for the ages’
Short seller Hindenburg Research on Thursday accused Carvana of having “long-standing accounting rifts.” bomb report —Stock prices of used car retailers plummeted. Hindenburg, whose report on companies run by Indian billionaire Gautam Adani led to the tycoon's federal indictment last year, told Carvana after an extensive document review and nearly 50 interviews with industry experts. […]
Famed short-seller Andrew Left charged in $16M fraud: DOJ
The Department of Justice announced on Friday that prominent short seller and Wall Street commentator Andrew Left has been criminally charged with running a $16 million market manipulation scheme that included bets on stocks including Nvidia and Tesla. Federal prosecutors have accused Left, 54, of Boca Raton, Florida, of using his position as an investment […]