The Mystery of the $113 Millıon Deli
https://www.nytimes.com/2021/06/02/magazine/your-hometown-deli.html
Credit.Illustration by Kelsey Dake
The Mystery of the $113 Millıon Deli
It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?
Credit.Illustration by Kelsey Dake
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In a letter
to his investors this April, David Einhorn, founder of the hedge fund Greenlight Capital and a well-known short-seller, complained that the stock market was in a state of âquasi anarchy.â As one piece of evidence, he pointed to Elon Musk, whose commentary on Twitter, Einhorn said, amounted to market manipulation. âThe laws donât apply to him, and he can do whatever he wants,â Einhorn noted. As another example, he cited a restaurant in rural New Jersey called Your Hometown
Hometown International Inc, which owns a single deli in Paulsboro, New Jersey baffled observers earlier this year when its parent company soared in value in over-the-counter trading.
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