David Einhorn: This NJ Deli With One Location And Little Revenue Is Trading At $100M+ Valuation

In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is “fractured and possibly in the process of breaking completely.” Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in “defunding the regulators.” He pointed to the actions of billionaires Elon Musk and Chamath Palihapitiya, whose actions earlier this year, helped fuel the Reddit rally in stocks, according to the value investor. “We note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk,”…