Why You're Smart to Buy Shopify Inc. (US) -- Despite Citron's Report
If you're a shareholder of Shopify (NYSE: SHOP), you're no doubt familiar with the story line right now. Infamous short-seller Andrew Left and his Citron Research released a scathing report on the company, sending shares down by as much as 20%.
Left's thesis is that the company employs a group of affiliates to sign people up with Shopify's e-commerce solutions. He documented how some of these affiliates have used questionable tactics in signing people up, including promises of being a millionaire.
A version of what Andrew Left is alleging. Image source: Getty Images.
Source: Fool.com