Soros dumps Facebook, Netflix stocks just before they dipped: report
Soros Management Fund saved $17.7 million in the fourth quarter by dumping the three stocks, Barron’s reported.
Soros Fund Management dumped all of its Facebook stock before the end of the third quarter and prior to the publication of a New York Time’s report that the tech company hired a GOP-opposition research firm to investigate links between Facebook critics and Soros, an outspoken opponent of the social media giant, according to Barron’s.
Meanwhile, the investment firm bought 91,200 shares of Chinese web giant Alibaba and 490,100 shares of chip maker Micron in the third quarter, Barron’s reported.
NOW can they deal with Soros? Looks illegal from here.