Meet the short seller who hopes stocks crash and burn
CNN
CNN Business spoke to Hindenburg Research founder Nate Anderson, who has made a name for himself in the past few years by targeting companies like Lordstown Motors that he thinks are overvalued and have suspect financials.
Nate Anderson, founder of Hindenburg Research, has made a name for himself in the past few years by targeting companies that he thinks are overvalued and have suspect financials. In other words: looming stock market blowups resembling the infamous German zeppelin that crashed in New Jersey in 1937. CNN Business spoke to Anderson about why he's trying to find stocks that will go down instead of up, as well as criticism of him and other short sellers who profit from the drops in share prices.President Joe Biden on Sunday delivers his first commencement address of the 2024 season at Morehouse College, where the president may for the first time in months have to confront the angst that’s been percolating on college campuses nationwide toward his administration’s policies on the Israel-Hamas war.
Arab and Palestinian Americans left a meeting with Secretary of State Antony Blinken on Friday night frustrated they did not have a clear understanding of how the Biden administration might act upon their concerns as the Israel-Hamas war devastates the civilian population in Gaza, participants told CNN.