Herbalife shares surged 25 percent on Tuesday even as activist investor Bill Ackman delivered his latest volley of accusations against the California nutrition company during what he described as the biggest presentation of his career.
In an emotional speech, the billionaire accused the firm of violating U.S. labor laws and falsifying income claims. "They are not selling weight loss in these clubs, they are selling a business opportunity," he said.
His company, Pershing Square Capital Management, has made a $1 billion short bet against Herbalife.
With Wall Street clearly disagreeing with Ackman, we would like to know: do you think Ackman is on the wrong side of the Herbalife trade? Share your thoughts in the vote below.