Famed short-seller Andrew Left is shorting the stock of Chinese online education provider GSX Techedu.
"The company is crazy stupid. If you believe their financials, then you believe that they've created probably the greatest company that's ever been created since early stage Google," he said.The company has been attacked by a number of short-sellers in recent months, including Carson Block's research firm Muddy Waters, which alleged that the majority of its users are fake.
Left said: "The company is crazy stupid. If you believe their financials, then you believe that they've created probably the greatest company that's ever been created since early stage Google. Like they're growing 350% and they're doing it profitably. It's just impossible."
He’s been trying to drum up shorts on GSX for a while.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Britney Spears' conservatorship and the #FreeBritney movement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It sounds like her parents are living large off her misery and have her locked up to keep her from emancipating her wealth from them 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »
Take a look inside a historic Missouri house with nine jail cells - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This would be a great house for those in the family that refuse to quarantine. 🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »
Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Insider Transportation: GM's risky battery bet, Uber avoids a shutdown - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Virtual firm 360 Business Law wants to disrupt the US legal market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. MAIS UM DIA... EM PLENA PAZ, E COM SÁBIA POESIA... OH, QUE GRANDE ALEGRIA... NESTE EXATO INSTANTE... FATO! SEXTA, DE NOVO? COM CERTEZA, COM FARTA CESTA DE 'ARROZ, FEIJÃO E OVO'... AH, QUE ENORME SATISFAÇÃO... COM AMOROSO (E FAMOSO?) CORAÇÃO!
Source: BusinessInsider - 🏆 729. / 51 Read more »