Hacker News Reader

yeah, herbalife is like a lot of the mlm schemes, taking advantage of the poor and disadvantaged. maybe now that he's given up on it, it will conveniently just die? just because you know something is doomed it doesn't mean you know when it dies.

View on HN

Icann was proping up Herbalife to just f*ck with Bill Ackman for the fun of it. Herbalife is totally going to die now, and has been for a while.

No, I think Icann felt he had seen a similar attack on Amway and Amway won. Ackman put himself in a no-win situation. Icann does things to make a profit, not for spite.

https://en.wikipedia.org/wiki/Amway#Pyramid_scheme_accusatio...

Doubtful that he would have made that investment if it werent for ackman's short.

Why invest in something that has an activist fighting against it? Better to go with something unopposed.

You can make a lot of money taking the other side of a big bad bet.

Reply on news.ycombinator.com