Nostr Web Client

Anderson started off trying to earn a living as a #SEC whistleblower, identifying financial shenanigans and collecting the bounties on offer, but that didn't pan out. So he turned his forensic research skills to preparing mediagenic, viral reports on the scams underpinning the financial boasts of giant companies...after taking a short position in them.

13/

Cory Doctorow 2y ago

This year, Anderson's targets have included #CarlIcahn, whose company lost $17b in market cap after Anderson accused it of overvaluing its assets. He went after the world's fourth-richest man, #GautamAdani, accusing him of "accounting fraud and stock manipulation," wiping out 34% of his net worth. He took on #JackDorsey, whose payment processor #Square renamed itself #Block and went all in on the #cryptocurrency bezzle, lopping 16% off its share price.

14/

Reply to this note

Please Login to reply.

Discussion

Cory Doctorow 2y ago

Burton points out that Anderson's upside for these massive bloodletting was comparatively modest. A perfectly timed exit from the $17b Icahn report would have netted $56m. What's more, Anderson faces legal threats and worse - one short seller was attacked by a man wearing brass-knuckles, an attack attributed to her short activism.

15/