Carvana father-son duo lose hundreds of millions of dollars in net worth after short-seller report

By Yahoo! Finance   |   2 months ago
Carvana father-son duo lose hundreds of millions of dollars in net worth after short-seller report

Carvana's CEO, Ernie Garcia III, and his father, the largest shareholder, saw a $288 million wealth dip due to a short-seller's report on the company's practices. Despite their combined $21 billion wealth, the stock's future remains uncertain as shares dropped by 6%.

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