Description: Is Betting on Zero a true story? This movie is a desperate attempt to manipulate the stock price of direct selling companies so investors can profit.
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Beginning in December 2012, Bill Ackman launched an unprecedented public activist short campaign against Herbalife Nutrition. Never before has the country seen such a public, costly and lengthy short campaign against a company.
Five years after Ackman launched his assault, truth prevailed. His disastrous bet against Herbalife Nutrition ended in 2018 when he threw in the towel after a long and unglamorous battle where he lost more than $1 billion.
Unfortunately, despite Ackman’s exit in 2018, he has not disclosed his connection to “Betting on Zero” or amended his unfounded attacks against the company or the direct selling business model.