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Twitter Bites Back at Brazilian Billionaire Batista

Eike Batista became the most popular Latin American billionaire on Twitter by sharing his formula for success. Now the Brazilian entrepreneur is being assailed online by investors blaming him for wealth destruction.

People with shares in Batista’s OGX Petroleo & Gas Participacoes SA are using the social media to criticize him after missed oil targets spurred an 82 percent share-price plunge this year. The billionaire has posted about 21,700 Twitter messages since 2010 and has more than 1.3 million followers, almost six times more than Mexican magnate Carlos Slim, the world’s second-richest person. Bill Gates, the richest person on the planet, has 11.8 million followers.