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Search resuls for: "Muddy Waters"


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Carson Block, founder of short selling investment firm Muddy Waters, thinks the collapse of cryptocurrency exchange FTX under Sam Bankman-Fried is a "great example of greed and FOMO." Block told CNBC's "The Exchange" he had seen the business trajectory of the former billionaire and thought there was "obviously something wrong." Block is a crypto sceptic who described the recent surge into the industry as a bubble based on a "suspension of disbelief." His comments come amid a war of words in the crypto sphere as it grapples with the recent volatility. At an event hosted by CNBC on Thursday, Changpeng Zhao, founder of cryptocurrency exchange Binance, said he was "shocked" that Bankman-Fried "lied to everybody," and described his actions as "fraud."
Watch CNBC's full interview with Muddy Water's Carson Block
  + stars: | 2022-11-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Muddy Water's Carson BlockCarson Block, Muddy Waters Research founder, joins 'The Exchange' to discuss the company's new short position in dLocal, how he discerns good faith and bad faith behavior and his take on recent news at FTX.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are concerned that payment processor dLocal is a fraud, says Muddy Water's BlockCarson Block, Muddy Waters Research founder, joins 'The Exchange' to discuss the company's new short position in dLocal, how he discerns good faith and bad faith behavior and more.
Chinese tech stocks continue to be beaten down , but short sellers appear to be targeting another sector known for its high valuations: real estate. ETFs tracking the MSCI China Real Estate index, such as CHIR , have declined by more than 35% this year. Short sellers of China's real estate sector already have profits on paper of $2.6 billion year-to-date, according to S3's data. But although short sellers have been taking profits throughout the year, they've also kept taking new short positions in stocks that haven't fallen by as much. As the downturn in the real-estate sector is predicted to last longer, "short sellers should continue to be active," according to S3 Analytics.
Jim Chanos and Carson Block, two of Wall Street's biggest short sellers, fired shots at Sunrun , saying the residential solar company is not as "green" as many investors think. "This company is the aluminum siding of the 21st century for those who are old enough to know what I'm talking about," Chanos, founder of Kynikos Associates, said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. Aluminum re-sidings were prevalent in the 70s and 80s but they fell out of favor as the material was susceptible to scratches and dents. Muddy Waters Capital CIO Carson Block said he has a short position against Sunrun, taking issue with the way the company deals with tax subsidies from the government. "Muddy Waters has its 'facts' wrong.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSunRun is the aluminum siding of the 21st century, says Jim ChanosLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss investing in alternative energy given the focus following the Inflation Reduction Act.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Chanos: The fact there's a meltdown among Chinese developers is a major storyLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss the meltdown in the Chinese real estate market and how it should be a much bigger story than it is.
Many popular companies dominating the ESG investing space are taking advantage of the U.S. government and investors, according to Carson Block, founder of Muddy Waters Research. "I would like to save the world," the famed short-seller said during an interview with "Squawk Box" outside CNBC's Delivering Alpha conference on Wednesday. ESG, or environmental, social and governance investing, incorporates a slew of non-financial factors potential shareholders utilize when looking to invest in companies. It's risen in popularity amid a drive toward green investing with companies like BlackRock hopping on the trend while also drawing its fair share of criticism. Block said a slew of companies he's shorted — including XL Fleet , Danimer Scientific and solar stock Sunrun — are "grifting in their own way" and misleading investors.
The existence of Barnes' lawsuit against the SEC, which has been pending under a pseudonym since April, hasn't previously been reported. SEC whistleblower matters are confidential, so Barnes' lawyers had asked the court to refer to him as "Jamie Doe." The name of the SEC whistleblower case — "In the Matter of Focus Media" — was unredacted at least once, as was the name of Grace, the enforcement lawyer. Barnes said in his lawsuit that he wasn't represented by a lawyer when he first requested a whistleblower award. Block and Barnes weren't named by the agency, and the connection only became clear after Barnes sued Block last month.
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