Carson Block Says His Firm Has ’Modest Short’ Bet on 500.com

Carson Block of Muddy Waters LLC said his firm has a “modest short” position on Chinese sports-gambling company 500.com Ltd. based on “fundamental issues, red flags and potential risk of wrongdoing.”

“We’d be happy to see it at 30 to 50 percent of where it is now,” he said in an interview at an event at Baruch College in New York today.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE