Bill Ackman Says Icahn ‘Somewhat��� Like Archegos as Stock Plunges Anew

Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.

In a lengthy Twitter post, Ackman, 57, also called out 87-year-old Icahn’s use of margin loans against his shares in Icahn Enterprises LP. The stock plunged more than 13% on Wednesday, with the price reaching the lowest level in more than 14 years. Ackman, who has clashed with Icahn in the past, said his firm was neither long nor short — “just watching from a distance.”