Daily Digit: Ackman Cuts $1bln Bet Against Herbalife - Presented by: The Aol. On Network

The Daily Digit is $1 billion. Hedge fund manager Bill Ackman is retreating from his massive $1 billion bet against nutritional products company Herbalife by 40 percent. So far his short position, which is Wall Street talk for betting a stock will fall, is racking up losses. Herbalife's stock is skyrocketing. It's up more than a hundred percent so far this year.



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