Page 33 - Carson Block News Today

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Shares in Luxembourg-based IT company Solutions 30 plummeted by more than 60 per cent on the Paris stock exchange on Monday after questions were raised about its accounts. The stock had shed 64.47 per cent in value to €3.69 a share in initial trading from its last quote on May 7.  On May 10, Solutions 30 asked market operator Euronext to suspend trading, which resumed intermittently on Monday. On Sunday, the company published its latest annual accounts, five days after the French market watc...

Sponsored The suspense surrounding a two-week halt in the trading of one of Muddy Waters’ longest held, most obscure short targets is over — and the stock is tanking. Two weeks ago, Solutions 30, a European IT services company that the short seller has accused of having ties to organized crime, asked the Paris stock exchange to suspend trading in its shares — then trading around 10 euros.  By the end of last week, the company said it would reopen for trading Monday, while admitting that ...

Insurance Post Print this page   In an open letter to Lemonade CEO Daniel Schreiber, dated 13 May, Muddy Waters Research’s Carson Block alleged that the activist short had “accidentally discovered that Lemonade’s site contains a Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options...

Lemonade Denies “Unforgivably Negligent” Security Gaffe Insurtech company Lemonade has refuted claims put forward by a short seller that it has an "unforgivably negligent security flaw" on its website. Muddy Waters Research LLC alleges that a vulnerability exists on Lemonades website that could potentially expose customers personally identifiable information.  The investor claims that it was able to log in to and edit Lemonade customer accounts with...

Wall Street Journal reporters, and a whistleblower who has since become an activist short seller. Catalyst dubbed the group the “wolfpack” — and in November of 2017 sued in the Ontario Superior Court of Justice in Toronto, alleging the individuals and companies had engaged in a conspiracy to torpedo its troubled publicly traded lending entity, Callidus Capital Corp.  The allegations were based on an article published in the Wall Street Journal on Aug. 9, 2017, outlining whistleblower ac...

Short seller says Lemonade website bug exposed insurance customers’ account data An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered” security flaw that exposes customers’ account data. Carson Block, founder of investment research firm Muddy Waters Research, sent the letter to Lemonade co-founder and chief executive Daniel Schreiber on Thursday, describing the bug that allowed anyone to inadvertent...

Green, who worked with billionaires and big hedge funds, explains why an esoteric rule change about derivatives convinced him to join an ETF startup.

Analysis: New meme stocks swing as shorts and retail investors face off again By John McCrank, Saqib Iqbal Ahmed and Lawrence Delevingne Reuters NEW YORK (Reuters) - Recent volatility in a handful of so-called meme stocks is putting the spotlight back on the tussle between individual investors and short sellers, months after a wild ride in GameStop captivated Wall Street’s attention. Stocks that have notched big swings this month include laser-manufacturer MicroVision Inc, a favorite on R...