Company News, Financial News

Herbalife Hits a Rough Patch

Big data had a big error!

Author Image

By: TOM BRANNA

Editor

Damn that Big Data! Herbalife's stock is tanking after the compan overstated its growth in new members due to “database scripting errors.” Active new members increased by 3.2% worldwide during the fourth quarter compared to the past year, not the 16.7% the company had previously reported on a February 25 conference call, according to a regulatory filing, Bloomberg reports.    Among other errors, the US active new members figure was corrected to 30.7% growth from 71%,...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters