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MuddyWatersResearch Profile
MuddyWatersResearch

@muddywatersre

239,757
Followers
814
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695
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7,975
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Activist short seller, skeptic, First Amendment advocate, foot soldier in the Global War to Defend Truth

Austin, TX
Joined July 2010
Don't wanna be here? Send us removal request.
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@muddywatersre
MuddyWatersResearch
10 months
It's time to highlight the Brothers Sugarman: Steven and Jason. Jason seems like the Fredo of the two, recently with the SEC for $10mm after being charged in a $43mm scheme to defraud Native American tribes:
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@muddywatersre
MuddyWatersResearch
2 years
Why does everybody think there’s inflation? Your dollar buys twice as much $ARKK as it did one year ago!
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@muddywatersre
MuddyWatersResearch
1 year
In this rebuttal strategy, a company bets that investors are too lazy to read such a lengthy response side-by-side with the original report, and thus hopes investors assume that all of the (non-substantive) text means there are good answers to the report. #AdaniGroup
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@muddywatersre
MuddyWatersResearch
3 years
Either MW made the worst video in the history of YouTube or "somebody" doesn't want you to watch our exposé of Solutions 30, featuring Mafia Connections, Shady Transactions, and Hot Cars $S30.FP #Solutions30
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@muddywatersre
MuddyWatersResearch
4 years
We have respect for Citron, but re-upping this one anyway:
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@muddywatersre
MuddyWatersResearch
4 years
MW will release a new Short tomorrow pre-market. It’s a “company” that’s a complete stock promotion and makes $NKLA look like Microsoft in comparison. Shockingly the sell-side is positive on it. Would love to hear @WilfredFrost try to explain that away tomorrow.
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@muddywatersre
MuddyWatersResearch
3 years
My nominee for Fake Populist of the Year (F-POTY): @chamath ! He stuffs the market with SPACs, fakes a run for governor promising Zero tax rate AND raises for teachers, flips $GME calls while pretending to be fighting the power, and just wants retail to BUY HIS NEXT SPAC. #F -POTY
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@muddywatersre
MuddyWatersResearch
4 years
Here’s a demonstration of how social distancing in restaurants can actually work. Looks like a practical way to reopen safely - I’m much more bullish after seeing this.
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@muddywatersre
MuddyWatersResearch
4 years
Finally arrived!
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@muddywatersre
MuddyWatersResearch
4 years
MW is short $LK. We received unattributed 89-page report alleging $LK is a fraud: "number of items per store per day was inflated by at least 69% in 2019 3Q and 88% in 2019 4Q, supported by 11,260 hours of store traffic video" We view the work as credible.
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@muddywatersre
MuddyWatersResearch
1 year
Hey @chamath I thought your shot at me at the end of your podcast was a little misleading - you should’ve disclosed I gave you the name “SPAC Jesus”. Anyway, your guys’ discussion was reasonably uninformed. Would be happy to discuss / debate with you on your pod (or mine).
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@muddywatersre
MuddyWatersResearch
3 years
Another great catch by @unusual_whales : @SpeakerPelosi purchased a bunch of MSFT on 3/19, closing price $230.35; 3/31 MSFT wins $22B Army contract; gain of 8.1% by close on 4/5. Just an awesome trader!
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@muddywatersre
MuddyWatersResearch
4 years
Fan mail
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@muddywatersre
MuddyWatersResearch
4 years
This is how I think historians will view this moment: Inequality was the powder keg, Covid the accelerant, and George Floyd the spark. Why say this? Because it’s the inequality, stupid. The Fed Chair has made it clear that capital will continue to be subsidized. Do the math.
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@muddywatersre
MuddyWatersResearch
3 years
What I like best about being vaccinated is that every time Windows freezes on me, I can speak into my arm and tell Bill Gates how much Windows sucks.
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@muddywatersre
MuddyWatersResearch
3 years
If Madoff happened today, he’d receive a large PPP loan, the Presidential Medal of Freedom, and guest host SNL.
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@muddywatersre
MuddyWatersResearch
4 years
My father began teaching me the investment business at a young age. Literally the first lesson I remember is him saying “You don’t get married to a stock” cc: @GerberKawasaki
@GerberKawasaki
Ross Gerber
4 years
Downgrading Tesla because the price has rallied so much is like divorcing your wife because things are going too well. $tsla
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@muddywatersre
MuddyWatersResearch
1 year
This is spot-on & needs to be said: Don’t regulate crypto - just let it burn
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@muddywatersre
MuddyWatersResearch
4 years
After a decade of pounding the tables on the issue of China companies defrauding U.S. investors, we are encouraged to see the Holding Foreign Companies Accountable Act bill pass the Senate and we hope it becomes law. 1/2
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@muddywatersre
MuddyWatersResearch
1 year
@DavidSacks @DanielleFong So we can continue Heads I Win, Tails I Don’t Lose “capitalism”? This bank deliberately concentrated its risk by focusing on tech, much of which loses money. It required its clients to keep deposits at SVB. Where were you genius board members when those terms were presented?
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@muddywatersre
MuddyWatersResearch
5 years
Muddy Waters is now in a blackout period until tomorrow 8 am London time when we will announce a new short position on an accounting fiasco that’s potentially insolvent and possibly facing a liquidity crunch. Investors are bulled up about this company. We’re not.
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@muddywatersre
MuddyWatersResearch
3 years
You might ask "What does it look like when a psychopath tries to tell you that many of society's ills can be fixed by rebranding?"
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@muddywatersre
MuddyWatersResearch
4 years
Or maybe China could cease being a rogue state when it comes to capital markets? Apparently it can’t. Why is that??? cc: everybody who considers investing in US-listed China co’s
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@muddywatersre
MuddyWatersResearch
3 years
Thanks for the recommendation. It’s now at the top of my To Watch list.
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@muddywatersre
MuddyWatersResearch
3 years
Remove Trump. He wants to burn America down as revenge for losing the election. He lost a free and fair election, and being a psychopath, he lies about it to rip America apart. Putin and Xi are ecstatic right now. United we stand, divided we fall. This is the no fuck up zone.
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@muddywatersre
MuddyWatersResearch
4 years
In case anybody is wondering whether this Reuter’s article on the Falwells is true, the fact that Michael Bowe is representing Jerry tells me it’s 99% likely.
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@muddywatersre
MuddyWatersResearch
4 years
This is spot on from @BernieSanders re @elonmusk , America’s most celebrated hypocrite.
@BernieSanders
Bernie Sanders
4 years
Every time Elon Musk pokes fun at government assistance for the 99%, remember that he would be worth nothing without $4.9 billion in corporate welfare. Oh, Elon just l-o-v-e-s corporate socialism for himself, rugged capitalism for everyone else.
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@muddywatersre
MuddyWatersResearch
3 years
If you watch ONE thing today, make it this #EfficientMarketHypothesis
@Domsavides
Domenic
3 years
I mean come on (jimmy valmer voice) … here we have @CNBC with someone coming on to clearly pump a stock… when asked about the company - he literally freezes … @GaryGensler @SECGov . This is insane . Always said don’t trust grown men in vests.
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@muddywatersre
MuddyWatersResearch
3 years
You should start by answering the question "How do Robinhood and other 'free' brokerages make their money?" cc: @AOC
@AOC
Alexandria Ocasio-Cortez
3 years
This is unacceptable. We now need to know more about @RobinhoodApp ’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. As a member of the Financial Services Cmte, I’d support a hearing if necessary.
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@muddywatersre
MuddyWatersResearch
3 years
Just watched the $TSLA video showing lies & fraud of FSD. Musk really is one of the best symbols of today: No Fear of the SEC, local govt, and NHTSA - and for good reason! The real tragedies will be the people injured and killed by drivers using “FSD”
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@muddywatersre
MuddyWatersResearch
3 years
Utterly depressing.
@hkfp
Hong Kong Free Press HKFP
3 years
Up to 5 years prison for attending Tiananmen Massacre vigil, Hong Kong gov’t warns – 1 year jail for publicising it
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@muddywatersre
MuddyWatersResearch
4 years
There's an article showing that in theory masks are effective at blocking pathogen carrying droplets. You focus on ways in which they wouldn't work (e.g., gaps) to argue that we shouldn't mask. That's like saying a seatbelt can malfunction, so you shouldn't wear one.
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@muddywatersre
MuddyWatersResearch
4 years
Mmmm, tastes like de-listing. Thanks for sending these AC! $LK
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@muddywatersre
MuddyWatersResearch
3 years
MW presents: "Zito's Way: A Financial Crime Saga" Mafia connections, shady transactions, hot cars. $S30.FP #Solutions30
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@muddywatersre
MuddyWatersResearch
4 years
MW is short $GSX because it is a massive fraud – a Zero. GSX’s own user data for 200 paid classes shows patterns indicating at least 80% of the users are fake – they’re bots.
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@muddywatersre
MuddyWatersResearch
4 years
$TAL sinking after hours after "discovering" fraud. We exposed TAL as a fraud in 2018. $LK $IQ
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@muddywatersre
MuddyWatersResearch
4 years
@lloydblankfein Maybe the market is completely divorced from economic fundamentals, and only reflects liquidity, which is unchanged by the debate.
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@muddywatersre
MuddyWatersResearch
3 years
New short coming shortly
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@muddywatersre
MuddyWatersResearch
4 years
I assume these guys discovered the cures for cancer, Covid, and hangovers today? $DUO
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@muddywatersre
MuddyWatersResearch
3 years
Don’t forget selling SPACs @chamath !
@chamath
Chamath Palihapitiya
3 years
There are only two priorities: Inequality + Climate Change
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@muddywatersre
MuddyWatersResearch
3 years
One thing about finance resumés is that so many of them contain marathon & triathlon brags. Makes me think that a good way of checking candidate honesty is to make them get on the treadmill when they show up for the interview to prove they're capable of what their resumés say.
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@muddywatersre
MuddyWatersResearch
4 years
Success!!! I’ve searched long and hard for the dumbest person in America, and finally found them! The best part is she has a position of real responsibility...because in today’s America, why wouldn’t she?
@TPMLiveWire
TPM Livewire
4 years
Anderson Cooper asks the Las Vegas mayor how casinos are supposed to prevent the spread of COVID-19 if they reopen. "That’s up to them to figure out," the mayor replies.
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@muddywatersre
MuddyWatersResearch
2 years
Here’s to fewer understaffed restaurants
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@muddywatersre
MuddyWatersResearch
4 years
This really is the Powder Keg Economy. Create a powder keg in tech stocks; solve it w a powder keg in real estate; solve that w a powder keg in corporate credit; when it blows during a pandemic, build another powder keg. BTW the Inequality Powder Keg is just beginning to blow up.
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@muddywatersre
MuddyWatersResearch
3 years
This is about as well as one can describe the Afghanistan withdrawal. From the @TheEconomist
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@muddywatersre
MuddyWatersResearch
4 years
My 6 y.o. son asked if he could help me invest. I said "You've got a good vocabulary and are decent at basic math, but you only read at a 1st grade level. You're really only qualified to invest in biotech - long side."
@BreakoutPoint
Breakout Point
4 years
@zerohedge For every insider seller there are many retail buyers...
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@muddywatersre
MuddyWatersResearch
3 years
@chamath @theallinpod Correlation is not causation. Blaming these facts on presidents is overly-simplistic.
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@muddywatersre
MuddyWatersResearch
3 years
This completes me.
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@muddywatersre
MuddyWatersResearch
8 months
You eventually need to get up and leave the arena.
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@muddywatersre
MuddyWatersResearch
4 years
MW is short $NNOX. We conclude that $NNOX has no product to sell other than its stock. Like $NKLA, NNOX appears to have faked its demo video. A convicted felon appears to be behind the IPO. A US partner has been requesting images for 6 months to no avail
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@muddywatersre
MuddyWatersResearch
1 month
We’ve identified 14 different transactions where Fairfax has manipulated book value and used abusive accounting gains to produce paper profits Smells fishy We believe a conservative adjustment to book value should be ~-$4.5 billion or ~-18% lower than reported Muddy Waters…
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@muddywatersre
MuddyWatersResearch
3 years
Undoubtedly Nancy found a profitable trade ahead of this news.
@SpeakerPelosi
Nancy Pelosi
3 years
The President is to be commended for the clarity of purpose of his statement on Afghanistan and his action. The Taliban must know the world is watching its actions. We are concerned about reports regarding the Taliban’s brutal treatment of all Afghans, especially women and girls.
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@muddywatersre
MuddyWatersResearch
4 years
Today is the 10th anniversary of Muddy Waters’ first ever report. It’s gone by way too fast! I owe thanks to a lot of people, but particularly to my amazing and highly dedicated team, so THANK YOU!!! Here’s the report that started it all:
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@muddywatersre
MuddyWatersResearch
2 years
@Popehat On FinTwit where Elon has been hotly debated for years, many of us refer to his devotees as “Branch Elonians” rather than “Elonoi.”
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@muddywatersre
MuddyWatersResearch
3 years
I often ask myself “WSWJD?” (What SPAC Would Jesus Do?) What’s your answer @Chamath ?
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@muddywatersre
MuddyWatersResearch
4 years
Happens to real companies on no news all the time... $GSX
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@muddywatersre
MuddyWatersResearch
2 years
I'm going to explain much of what you need to know about America's capital markets in 2022 in a few Tweets. The FT just reported that Luckin is about to re-list in the US after being caught in a $300 mm fraud. 1/ cc: @GaryGensler @TheJusticeDept
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@muddywatersre
MuddyWatersResearch
3 years
Books getting harder to cook? Over 50 HK-listed stocks suspended for not reporting 2020 results.
@GMTResearch
GMT Research
3 years
Eeeeek!! Must be some form of record...
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@muddywatersre
MuddyWatersResearch
1 year
Again, China = Uninvestable
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@muddywatersre
MuddyWatersResearch
4 years
I'm really surprised that anybody's surprised how the debate went last night.
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@muddywatersre
MuddyWatersResearch
4 years
Totally F-ed up thing done to my 2-yo daughter @ children’s museum. She’s 1/2 Asian & started playing tea party w/ another girl. That mom asked our nanny about my daughter’s ethnicity. When told 1/2-VN, the mom grabbed the cup from my daughter, threw it at her face and yelled
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@muddywatersre
MuddyWatersResearch
4 years
Dear @Deloitte , If you file suit against over that site, Muddy Waters will assist with the defendant’s legal fees. I would relish seeing your China arm argue that it can’t comply with discovery requests due to “state secrets” and client confidentiality. Hilarity will not ensue.
@StockJabber
Edwin Dorsey
4 years
. @Deloitte how often do you threaten whistleblowers with legal action? (Screenshot about GSX Deloitte whistleblower from )
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@muddywatersre
MuddyWatersResearch
3 years
Attention Archegos employees: Contact me over DM & I’ll show you a bid for your swag.
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@muddywatersre
MuddyWatersResearch
2 years
My firm manages “private funds”, which means that I am prohibited from publicly discussing historical performance numbers. Yes, $ARKK is a fully-registered security, but there’s still something perverse about the juxtaposition of our limitations and the statement below
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@muddywatersre
MuddyWatersResearch
3 years
Can you add a BTD (Bubble to Date) column?
@chamath
Chamath Palihapitiya
3 years
Trust the process.
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@muddywatersre
MuddyWatersResearch
4 years
By listing in the U.S., these companies have ready access to U.S. retail investors’ money, and so long as China effectively remains a rogue country for U.S. securities regulation, its companies should not have access to our markets.
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@muddywatersre
MuddyWatersResearch
4 years
MW is short $IQ because we believe it's a fraud. We assisted @WolfpackReports with comprehensive research into IQ. MW believes that IQ fraudulently and materially overstates its users, revenues, acquisition consideration, and value of its “barter” content.
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@muddywatersre
MuddyWatersResearch
3 years
$XL is a company that just can't stop BSing - even on the most mundane items. XL's release release about a new facility in Michigan photoshops in a sign that doesn't exist. Reality is just a small banner tied on. This move is very China fraudesque.
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@muddywatersre
MuddyWatersResearch
3 years
This is pretty lame - “a typical corporate leader”... How about “a person subject to the laws of the United States”?
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@muddywatersre
MuddyWatersResearch
1 year
This seems important $SIVB #SVB
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@muddywatersre
MuddyWatersResearch
2 years
There is recently obtained that evidence that the Saudi govt was in on the 9/11 attack - this is a HUGE story that just broke in @BusinessInsider
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@muddywatersre
MuddyWatersResearch
1 year
I take back all the bad things I said about ⁦ @ryancohen ⁩ for pushing BBBY toward bankruptcy through share buybacks. It’s clear that he’s really a patriot who’s going to help hollow out BABA w/ its financials that have been questioned since its IPO. 加油Ryan!
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@muddywatersre
MuddyWatersResearch
4 years
Wish I could show this video to the seeming 100 million Americans who don’t believe in masks
@providence_phc
Providence Eastern WA 😷
4 years
It's amazing how much good one little mask can do! Check out how a normal, everyday mask keeps respiratory droplets from spreading outside your body, potentially sharing viruses.
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@muddywatersre
MuddyWatersResearch
3 years
Wow! This is awesome and enlightening work @unusual_whales . Very well-informed trades by both Democrats and Republicans! In highly polarized America 2021, insider trading is the glue that holds together the fraying social fabric of our country.
@unusual_whales
unusual_whales
3 years
BREAKING! The first congress report is at TLDR: - Elected Officials traded a lot, followed trends earlier - Outperformed market - First time ever, in 2020-2021 numerous house members use options to leverage info before the public. This is unprecedented.
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@muddywatersre
MuddyWatersResearch
1 year
At 413-pages, this must be a record. Probably lots and lots of IR slides and other corporate gobbledygook recycled to hit that page count. Nonetheless, significant effort likely involved by a team of IR lackeys and junior attorneys.
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@muddywatersre
MuddyWatersResearch
4 years
Elliot’s recent letter on the deleterious effects of 10 years of emergency monetary policies (to be followed by even more drastic policy), its distortion of markets, and the risks of further economic calamity ahead is excellent reading (14 pp)
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@muddywatersre
MuddyWatersResearch
2 years
My son just asked me “Who is the douchiest douche in finance?” I said I’d take it to Twitter. What do you think? Who’s the biggest douche in finance (beside me of course)?
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@muddywatersre
MuddyWatersResearch
3 years
@chamath You seem to be trying to play Jesus, but without the whole vow of poverty thing. I’m just thinking all of this “solve inequality” Tweeting is really only you trying to suck retail $ into your SPACs. BTW, in which election are you running for Gov of CA?
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@muddywatersre
MuddyWatersResearch
4 years
I get we’re all on edge, but please keep perspective. 99% of Asians in the US have not just come from Wuhan, sick people aren’t evil, and children are children - treat them as such.
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@muddywatersre
MuddyWatersResearch
3 years
Rewatching Die Hard. Hans Gruber says “By the time [the FBI] figure it out, we’ll be on a beach earning 20%”. Clearly the least realistic part of the movie.
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@muddywatersre
MuddyWatersResearch
2 years
The greatest trick the devil ever pulled was convincing the world he believes in free speech
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@muddywatersre
MuddyWatersResearch
4 years
$GSX is so dependent on bots that it openly advertises it's looking for engineers to run bot farms. You can't make this stuff up.
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@muddywatersre
MuddyWatersResearch
1 year
It’s Peak Douche seeing Sacks blame short sellers when 1) the USG just bailed him out of having to prop up the numerous dogshit portfolio companies that had uninsured deposits at SIVB bc 2) he got sweetheart loans from $SIVB in exchange for having his portfolio co’s bank there
@DavidSacks
David Sacks
1 year
Depositors have no incentive to cause bank runs — but short sellers do.
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@muddywatersre
MuddyWatersResearch
3 years
It's a bad sign when the CEO does public appearances in a helmet: $RIDE / NQ Mobile / Cartman
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@muddywatersre
MuddyWatersResearch
3 years
In June 2018, MW issued a report on $TAL “A Real Business With Fake Financials.” In June 2020, we reported on $GOTU concluding it’s a fake business w/ fake financials. What we see today isn’t directly a result of the fraud, but it is indirectly a result. 1/
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@muddywatersre
MuddyWatersResearch
4 years
This should be in the No Fucking Shit File, rather than the WSJ, but welcome to America 2020.
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@muddywatersre
MuddyWatersResearch
4 years
Everyday when I walked to my office in Shanghai, I walked past people saying “fa piao! Fa piao!” They were selling fake tax invoices - literally right on the sidewalk. Westerners can not comprehend the scale of document forgery in China.
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@muddywatersre
MuddyWatersResearch
3 years
Nice to see @WilfredFrost ask @CathieDWood about @elonmusk promotional statements re FSD vs. $TSLA's contradictory statements to CA DMV. Predictably she deflected with some babble about different marketing strategies for different states. Elon: Too Big to Jail cc: @PlainSite
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@muddywatersre
MuddyWatersResearch
4 years
It’s tempting to blame the guy who threw the darts, but it really is the dart board’s fault here.
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@muddywatersre
MuddyWatersResearch
4 years
@elonmusk @GerberKawasaki @thirdrowtesla Not only would CA be losing its last automaker, it’d be losing its biggest stock fraud.* Sad day. (* by market capitalization)
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@muddywatersre
MuddyWatersResearch
4 years
It's coming. And the answer is "Big Time"
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@muddywatersre
MuddyWatersResearch
3 years
The Stonk Bubble
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@muddywatersre
MuddyWatersResearch
3 years
Can I have my freedoms from helping to pay for this?
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@muddywatersre
MuddyWatersResearch
2 years
Maybe I’m missing something, but these simulations seem like an intelligence goldmine for the U.S., Taiwan, and allies. This whole impetuous outburst seems strategically very disadvantageous to China.
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@muddywatersre
MuddyWatersResearch
2 years
@elonmusk @fintwit_news @Twitter You lying again Elon? Is it really necessary after all you’ve accomplished?
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@muddywatersre
MuddyWatersResearch
4 years
Effectively this guy is saying “China wants to continue sending toxic securities to US investors, and will not budge on this stance. Banning such toxic securities is bad for US investors.” Does Harvard really have the best people?
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@muddywatersre
MuddyWatersResearch
4 years
Chairman Chen, I admire what you did w/ $GSX just now upon my Tweet. Keep incinerating your lenders’ money. The walls are closing in on you. My personal financial advice to you is to preserve your cash, because you guys are going the way of $LK.
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@muddywatersre
MuddyWatersResearch
3 years
This is awesome. The Stonk Bubble.
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@muddywatersre
MuddyWatersResearch
3 years
@John_Hempton He wasn’t the only one. Teng Yue, owned by his former Tiger Asia analyst, Tao Li, was in GSX. So was Tiger Global (disclosed). Between the swaps and the disclosed TG position, ~75% float choked. There was no fundamental case to be long. So draw your own conclusions.
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