Einhorn Bets Against Online Real Estate Company Rightmove

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HFA Staff
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Aside from the ruckus over the mysterious financial blogger who recently disclosed David Einhorn’s major long bet in Micron Technology, Inc. (NASDAQ:MU), we have another bit of news on the well-known hedge fund manager. Einhorn’s fund Greenlight Capital is betting against one of the UK’s largest online real estate portals Rightmove Plc (LON:RMV). Einhorn’s first bet against an online company The company operates an online portfolio of commercial and residential properties on its website, rightmove.co.uk. Companies which operate similar business include U.S.-based Zillow Inc (NASDAQ:Z) and SouFun Holdings Limited (NYSE:SFUN). Einhorn first disclosed his short position at the end of February, which has since…

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