If that is in fact what is happening then FB has double duty to call it out.
If Soros has actually done that (I don't know that he did), i.e. take a huge position one day and then come out raging the next, it undermines his credibility entirely - he's effectively 'talking his book' and has a huge conflict of interest.
This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example.
Only if those assertions are untrue, I'd say.
> This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example.
They have a fiduciary duty, don't they? Soros doesn't have one.
Not necessarily.
Shorting a company and making public statements bashing it is both legal and common, so the answer there is "uh... nothing?"