I couldn’t help but think that this is starting to feel a lot like the Bill Ackman vs Herbalife saga. For those that don’t know… back in December of 2012 Ackman had a presentation basically calling Herbalife the biggest scam and Pyramid scheme and he shorted it the tune of 1 billion dollars. In his 200 page/slide presentation he claimed to have all the proof and details as to why it would be worthless in a matter of years. Sure Herbalife dipped from around 35 to 18 in 6 months but guess what happened.. in 2018 Ackman exited the Herbalife short with a billion dollar loss and it trading at 60 dollars a share… nearly double the price he shorted it at.

Obviously it doesn’t help that the whole market is down but to me we are in that “6 month stretch” of fear and everyone selling because somebody supposedly has “proof” that there was stuff going on that will crash us to zero.

Today Herbalife is alive and well. Ackman accused it of being toxic and leaching off of unsuspecting people that were just looking for a way to support themselves. What would you know though? Forbes actually named it as one of the best employers for diversity in America last week.

Will safemoon be a top company in America for employment? Probably not but as long as they stay on track with products and keep making the right hires and focus on the token then things will get better in time.

Will the fud ever go away? Again probably not but if Herbalife can survive a billion dollar short we can survive a few YouTube videos.