LinkedIn was acquired by Microsoft for $26.2 billion<\/a>.<\/p>\nLeft is best known for shorting Valeant Pharmaceuticals, which he called an Enron-like fraud.<\/p>\n
After announcing his Valeant short in October the company’s shares started to fall, the company came under federal investigation, and its CEO was forced to step down.<\/p>\n
Valeant shares have plummeted by 83% since Left took on the company.<\/p>\n
In the meantime, Facebook continues to build out new apps and acquire companies to stay relevant. Facebook bet big on virtual reality with the Oculus Rift, acquired Instagram, and spent almost $20 billion to purchase WhatsApp.<\/p>\n
It has also grasped at the video market with its Facebook Live product that is catching on among many celebrities and everyday users alike.<\/p>\n
The company is now attempting to force another app on customers with its Moments platform.<\/p>\n","protected":false},"excerpt":{"rendered":"
Andrew Left has set his short-selling sights on Facebook. Citron Research’s short seller believes the company “is losing an extensive amount of relevancy,”\u00a0According to CNBC. He believes Facebook is a good company but that it “just will not be a $330 billion company in a year,” he said in a CNBC interview. Facebook shares fell […]<\/p>\n","protected":false},"author":39,"featured_media":68513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,26,8281,7281,7372],"tags":[11261,3656,11262],"class_list":{"0":"post-68512","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"category-markets","10":"category-social-media","11":"category-technology","12":"tag-andrew-left","13":"tag-facebook","14":"tag-shortselling"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=68512"}],"version-history":[{"count":1,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68512\/revisions"}],"predecessor-version":[{"id":68514,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/68512\/revisions\/68514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/68513"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=68512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=68512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=68512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Facebook](\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2016\/06\/Facebook-short-seller-Andrew-Left.jpg\")
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