Greenlight capital, recently released its third quarter 2022 investor letter. In the third quarter, Greenlight Capital funds returned 4.0% net of fees and expenses compared to a 4.9% decline for the S&P 500 index. For the nine months ended September 2022, the fund delivered a 17.7% return net of fees and expenses compared to a 23.9% decline for the S&P 500 index. In its, third quarter it discussed twitter which was 16.07% and its shares lost 19.75% of their value over the last 52 weeks. However, time and time again the big hedge fund investors return to investment in twitter shares, all achieving great return sin the long term.
Greenlight capital has not come to a conclusion on this question, what is yours?