Digital media giant J2 Global ‘targeted’ by notorious New York short sellers
J2 Global, parent company of popular tech sites PCMag and Mashable, is now the subject of multiple legal investigations following a tit-for-tat exchange with crew of short sellers that temporarily crashed its stock price. On June 30, short selling outfit Hindenburg Research published a report that alleged J2’s “opaque approach” to acquiring companies “opened the door to egregious insider self-enrichment.” The New York-based Hindenburg calculated J2 has acquired 186 businesses in its 25-year history, but its report drew particular attention to one deal: an undisclosed $900,000 paid to a J2 exec for an entity that had no employees or apparent assets.… This story continues at The Next Web
Digital media giant J2 Global ‘targeted’ by notorious New York short sellers
J2 Global, parent company of popular tech sites PCMag and Mashable, is now the subject of multiple legal investigations following a tit-for-tat exchange with crew of short sellers that temporarily crashed its stock price. On June 30, short selling outfit Hindenburg Research published a report that alleged J2’s “opaque approach” to acquiring companies “opened the door to egregious insider self-enrichment.” The New York-based Hindenburg calculated J2 has acquired 186 businesses in its 25-year history, but its report drew particular attention to one deal: an undisclosed $900,000 paid to a J2 exec for an entity that had no employees or apparent assets.… This story continues at The Next Web