Wednesday, July 1, 2020

J2 Global Target Of Short Seller

Los Angeles-based J2 Global, which operates a variety of Internet information and services businesses, appears to be the target of a short seller, saying late Wednesday night that a short seller has issued "false claims and distortions" about its business. J2 Global said that Hindenburg Research included the company in a short selling communications. J2 Global responded to individual claims in that report, including a report that the company paid $20M for a consulting business, where J2 Global said it only paid $900,000, as well as an argument over J2 Global's investment in OCV, an early stage investment fund which invests in early stage startups; J2 said it has a $200M commitment to OCV, about half of which has been funded, at odds with information which apparently the short seller had issued in its report.