GE was the world’s biggest company in 2000. It’s quite a drop from $500 billion to $70 billion market cap in a few decades.
Enron wanted to sue their critics too, and called them the same names.
If Markapolos believes GE is going to go bankrupt, there’s little doubt he has a large short position in the stock. As long as he discloses this, there’s nothing wrong with profiting from a company’s legitimate downfall after exposing its weaknesses.
If his information is incorrect and he’s aware that it’s incorrect, that’s another matter. But calling it “Fake News” just invokes Trump and yeah…that’s not too convincing.
