I feel very fortunate to have been a shareholder of each of Shopify, Hubspot, and Ubiquiti at the time of the Citron shorts. It made for a great forced learning experience. Each of those 3 “reports” ultimately seemed to show a lack of understanding by Citron/Andrew Left of the true business models of those 3 companies (along with the strong possibility of willful dishonesty). Knowing enough about the companies’ businesses and how their finances work was big in being able to quickly discern whether Citron’s claims had any merit.
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