Reginal Thomas
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Reginal Thomas in reginal thomas,

Bill Ackman's $1 Billion Short On Herbalife Is Starting To Pay Off

Bill Ackman, the guru investor who placed a $1 billion short on Herbalife. It has been estimated that he has lost upwards of $500 million hold this position, until today. Shares of Herbalife are down due to news that the Federal Trade Commission is investigating the company.

With shares down $6 Ackman has made back $72 million on his bet. Ackman has always held a stance that Herbalife was a company operating as a pyramid scheme, so it was no surprise to him when he found out the FTC was probing the multi-level marketing company that sells nutritional products.