Why Veritone Inc. Stock Plunged Today
Shares of Veritone Inc. (NASDAQ: VERI) fell 30.3% on Wednesday after a short-seller suggested that the artificial intelligence technology specialist should be trading significantly lower after its recent meteoric rise.
More specifically, Veritone stock began to plunge late this morning after short-selling firm Citron Research took to Twitter to muse, "[Veritone] is not artificial intelligence, more like natural stupidity. Stock should trade right back to $20."
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Source: Fool.com