Re:The Reddit GME short squeeze game plan (143 days old)
by caseysoftware on Saturday January 30, 2021 @12:40PM
(#25971073)
^ This.
If the Biden SEC comes after Redditors while the Obama SEC let this and many other things pass, whatever chaos they imagine won't begin to describe it. It's one of the few things AOC, Warren, Cruz, and many others (claim to) agree on.
In 2013 Bill Ackman had a huge short position on Herbalife. Carl Icahn in front of millions of viewers on CNBC promoted a short squeeze.
"During the epic verbal battle between Icahn and Ackman that was televised on CNBC in January, Icahn predicted that Ackman’s Herbalife investment could produce the “mother of all short squeezes.” Shortly after that incident, it became clear that Icahn had taken a big position in Herbalife’s stock. He has since expanded that position, bought 16.5% of the outstanding shares and gotten two representatives on Herbalife’s board. "
https://www.forbes.com/sites/nathanvardi/2013/07/22/carl-ica...