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C0RI0LANUS

(510 posts) Thu Feb 2, 2023, 01:38 PM Feb 2023

India's richest man Gautam Adani loses $100bn in less than a week

The losses follow a US-based short seller firm - Hindenburg Research - publishing a 100-page report on the Adani Group, accusing it of "pulling the largest con in corporate history".

Link: https://news.sky.com/story/indias-richest-man-gautam-adani-loses-100bn-in-less-than-a-week-12801300

Click for my reaction:

https://tse2.mm.bing.net/th?id=OIP.qCyfQCB9sXfOjL59CmZKUgHaHa&pid=Api

2 replies

= new reply since forum marked as read

Highlight:

India's richest man Gautam Adani loses $100bn in less than a week (Original Post) C0RI0LANUS Feb 2023 OP

Fancy that. A short seller's firm published a bad report on a company... haele Feb 2023 #1

Well what do you know, he took the biggest loser title from Elon Musk... brush Feb 2023 #2

haele

(12,737 posts)

1. Fancy that. A short seller's firm published a bad report on a company...

Reply to C0RI0LANUS (Original post)

Thu Feb 2, 2023, 01:41 PM

Feb 2023

Then the company stock prices fall and they make millions?

Not saying there wasn't any shennanigans going on at the company, but that sort of smells like stock manipulation.

Haele

brush

(54,272 posts)

2. Well what do you know, he took the biggest loser title from Elon Musk...

Reply to C0RI0LANUS (Original post)

Thu Feb 2, 2023, 01:43 PM

Feb 2023

who held it before him.

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