MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact

Herbalife shares rose to 7% despite Ackman’s pyramid scam charges against the company

By Ak Sharma | Published on 6:48 PM

Rate this News

The shares of Herbalife Ltd rose up to 7% on Friday. This has come as a surprise in spite of current attacks from its activist investors Bill Ackman about the nutrition firm being a pyramid scam.

A pyramid scam is defined as a scam wherein the company or members of the company promise its investors payment or services supposedly of value simply by adding other members into the scheme.

Herbalife International was founded by Mark Hughes in February 1980. Apart from nutrition products, the company also sells skin care and weight management products. The organization has 6,200 employees all over the world.

The hedge fund manager, chief of Pershing Square Capital Management, revealed to Bloomberg Television that his hedge fund had lost nearly USD400 million to USD500 million from making a short bet against the company. Ackman warned investors about the nutrition company’s credibility by citing Greenlight Capital’s David Einhorn question that he asked on a conference call a year and a half ago that what percentage of the retail sales are outside the system?

 Ackman is hell-bent on taking the matter “to the end of the earth said in an interview” he said at the Robin Hood Investors Conference. Ackman also shared the fact that his fund worth USD11.45 billion was doing sound when it suffered huge losses with Herbalife International.

The Herbalife spokesperson, in defense of the company, regarded the comments made by Ackman as baseless and unjustified. “The only thing Mr. Ackman has proven with his obsessive, ego-driven investing decisions is his lack of understanding of consumer product companies,” said the spokesperson.

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
  • Click to share on Telegram (Opens in new window) Telegram

Related

Filed Under: Herbalife, MLM News [jetpack_subscription_form title="SUBSCRIBE TO Networking Eye - MLM News " subscribe_text="Sign up for our newsletter and receive news, updates, and the latest alerts." subscribe_button="Sign Me Up" ]

Leave a ReplyCancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know
  • In Hyderabad, scammers involved in Multi-Level Marketing schemes are specifically targeting women and job seekers
  • Elfin E-com’s Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable

TRENDING TODAY

  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
    Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • The Difference Between Linear Income and Residual Income
    The Difference Between Linear Income and Residual Income
  • Top Direct Selling Companies
    Top Direct Selling Companies
  • Tulip Global owners absconding
    Tulip Global owners absconding
  • Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
    Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
  • TVI Express Mastermind Tarun Trikha Finally Arrested by Police in India
    TVI Express Mastermind Tarun Trikha Finally Arrested by Police in India
  • Scam Companies
    Scam Companies

COMMENTS

  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies
  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam

Copyright © 2014–2025 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions