short seller

Last year, Hindenburg Research, an activist short seller, accused the conglomerate of orchestrating “a brazen stock manipulation and accounting fraud scheme.”

Hindenburg Research, a short seller that makes money by betting that stocks will drop, published these claims in a scathing report, which pummeled the prices of Mr. Adani’s stocks and bonds.

In this scenario, the short seller makes a bank vault of cash while the loyal Trump supporter who held onto their shares gets wiped out.

Since going public nearly two years ago, the members club chain Soho House has endured a sharp decline in its stock price, economic turmoil and a short seller declaring that its shares are worthless.

Despite Adani's denials, the short seller's report triggered a $150 billion plunge in the group's stocks.