Herbalife (HLF) shares gyrating as its investor conference proceeds, rising from flat at the...
Thursday, January 10, 10:27 AM ETHerbalife (HLF) shares gyrating as its investor conference proceeds, rising from flat at the start to around +7% before easing to +3%. Addressing Bill Ackman's scathing criticisms, including that Herbalife's a pyramid company, it says: 80% of people earn more than their sponsors. "Our business is a meritocracy;" it's a "myth" that Herbalife doesn't have outside retail customers - 5.5M U.S. households have bought the firm's products. (Live blog) (Webcast)