John C. Malone, the single largest owner of land in the United States, sustained a devastating portfolio hit portfolio Thursday. As the largest shareholder of Qurate Retail (NASDAQ:QRTEB), Malone had the most on the line when the company announced paltry fourth-quarter earnings. The company’s fourth quarter earnings were positive, but they didn’t satisfy the analyst’s community’s EPS consensus. Qurate shares sunk 20.5 percent on the day, dragging the company’s market cap down with it. Malone controlled 40 percent of all Qurate common stock as of January 31 earlier this year. When the company shed 20 percent of its value, or
The post US’ Biggest Landowner John Malone Loses $680 Million in 24 Hours appeared first on CCN
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