• Drewfro66
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    1 year ago

    I really think you’re onto something - just the headline (and, remember, the vast majority of people only read the headlines of articles - so the headline is where the company gets the information they want to convey to as many eyes as possible) calls the company:

    • Dying
    • Fraudulent
    • Anti-Privacy
    • Anti-American

    Just to give a potential shareholder as many reasons as possible to decide “I no longer wish to support this company/I want to get out before this company fails”.

    Maybe TEMU is a bad company with a bad product, but it’s worthless arguing about whether or not this is the case when the article itself cares very little about making concrete points and has an ulterior motive in publishing the article.

    • dragontamer@lemmy.world
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      1 year ago

      Just because they’re short-sellers doesn’t change the fundamental point though. Everyone has motivations, and short-selling is as valid a motivation as any other.

      The issue is the relatively shoddy research here however. There’s a number of basic computer errors that makes me question their skills in computers. They’re clearly financial guys however, given the rest of their blogs, so I can “forgive” their basic mistakes and chalk it up to a game of telephone. (They probably hired a security research firm, then they are “translating” the results into a form that’s most easily recognized by the financial press).

      Ideally, they should have released the security research directly rather than this weird… translation + hyperventilating attention-seeking style that they did here. But this is par-for-the-course with regards to financial media unfortunately. Buy the rumor sell the news as they say.