With shares of WebMD Health Corp. (NASDAQ: WBMDF) getting beaten up today, there are a couple of big-time investors sharing in the pain. George Soros recently upped his stake in the company to 6.14% and Carl Icahn holds 7.99% of WebMD’s 56.4 million shares outstanding.
WebMD’s stock is down nearly -29% this morning after the company’s CEO resigned, the board killed its search for an acquirer, and the company announced lowered revenue expectations for 2012.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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