Citron's Andrew Left Covers Facebook Short Position Amid Instagram 'Powerhouse' -Reuters
November 12 2018 - 3:51PM
Dow Jones News
--Andrew Left, who runs Citron Research, has covered a short
position on Facebook Inc. (FB), calling the company's Instagram
business a "powerhouse," Reuters reported Monday.
--Mr. Left has a short position on Netflix Inc. (NFLX), saying
the company is "addicted to debt" and could suffer from competition
from tech firms and traditional media companies. He said "You can't
think that the rest of Hollywood will throw its hands up and say,
'OK Netflix, you win.'"
--The report said Mr. Left didn't have short positions in other
"FAANG" stocks.
https://www.reuters.com/article/us-investment-summit-left-facebook/citrons-left-covered-facebook-short-still-bearish-on-netflix-idUSKCN1NH27M
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 12, 2018 15:36 ET (20:36 GMT)
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