Perishing Square Annihilated in Herbalife Squeeze

Herbalife announced they’ve come to terms with the FTC and pandemonium broke loose.

With approximately 20 million shares sold short, Bill Ackman’s Perishing Square, is writing a check it can ill afford right now (extra ride to Montauk). Losses range from $175-$250 million, for the day.

But who’s counting?

According to recent disclosures, Ackman’s playhouse of loss is down 17.5% for the year, prior to today’s drubbing.