A billion-dollar server company just lost more than 40% of its value following a short-seller report
AI Summary
A major French technology company experienced a stock price drop of over 40% after allegations of fraudulent practices surfaced in a short-seller report by Grizzly Research. The report has triggered concerns among investors about the company's structural integrity.
Shares in the French technology company slumped after Grizzly Research made allegations of a “fraudulent structure” in the U.S.