Brad Jacobs
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we researched him afterwards.
He says pretty much the same thing about every company that does a short seller.
It's on the word processor.
That just gets the bots to repeat it and then sell the stock and to get various media outlets to write the story.
And it's a near certainty that when he comes out with that report, the stock's going to go down.
It's almost 100% certain.
And they lever up quite a bit.
They use derivatives.
And if the stock had gone up like 20 cents, he probably would have gone bankrupt.
But the stock's not going to go up 20 cents.
It came down.
In our case, it came down like 26% the first day.
Big drop.
And it was interesting because the day it happened, just as it happened, just by coincidence,
I had Adam Carr and Matt Adams in my office, who were the two top guys running a little over a billion dollar position at the time in XPO, visiting my office.
And I was in the middle of the room, and someone walked into the room and passed me a paper, a screenshot actually, of what had just gone on.
The stock is down 20-something percent, and some short seller is making up all this crazy stuff about us.
And so in real time, we talked about it.
Because every situation, there's a play.
Every situation...