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Tough times coming for Shopify as they are reported to the FTC? (9)

10-05-2017 10:13 AM #1 matuloo (Legendary Moderator)
Tough times coming for Shopify as they are reported to the FTC?

Just ran across this article a while ago, there might be some legal problems coming at Shopify, due to being reported to the FTC by CitronResearch.com. They accuse Shopify of running an illegal get-rich-quick scheme, using Herbalife as an example, who entered into settlement with FTC in the past.

Here is an excerpt from the article.

There is a lot of crap in the article, it's quite obvious the guy who wrote this doesn't know much about how it all works, but since they decided to report Shopify to FTC directly, I believe they have to take some action.

Conclusion

If you ever read on the Internet a way to become a millionaire working at home- it probably isn’t true. As an investor if you believe that someone can buy Facebook ads and become a millionaire- than buy Facebook stock. We are forwarding all of our information (hundreds of pages) to the FTC and we expect Shopify to face the same scrutiny as the many companies of the past who sell dreams to unsuspecting customers. All of the information above speaks for itself
Full article here : http://citronresearch.com/citron-exp...ide-of-shopify

Thoughts?

10-05-2017 01:41 PM #2 cmdeal (Veteran Member)

Interesting ... regardless of this report, I think the stock definitely has gotten way ahead of itself.

10-05-2017 03:48 PM #3 matuloo (Legendary Moderator)

Quote Originally Posted by cmdeal View Post
Interesting ... regardless of this report, I think the stock definitely has gotten way ahead of itself.
Indeed, the growth probably wasn't healthy, let's see how it reacts to these news and whether they will face an investigation by FTC ... that's never something to be happy about.

10-05-2017 04:40 PM #4 Mr Green (Administrator)

...lol this is a joke.

He's scraping the barrel for points...

And he's wanting to do what Bill Ackman did with Herbalife.

10-05-2017 05:40 PM #5 buck johnson (Member)

Agree.

10-05-2017 11:29 PM #6 cmdeal (Veteran Member)

1. There are good companies which are also good stocks.

2. There are bad companies which are also bad stocks.

3. However, there are also bad companies which, nevertheless, are good stocks.

4. And there are also good companies which, nevertheless, are bad stocks.


After looking at their numbers, I would say that Shopify falls into the latter category. It is a good company, but at even the current lowered valuation, the stock price is completely out of whack with its financial performance.

10-06-2017 04:33 AM #7 ianternet (Senior Member)

ha. well Shopify does have a lot of BS stores on there. i couldnt really listen to this guy, he has a lisp of some sort that is annoying me.

10-06-2017 10:40 AM #8 caurmen (Administrator)

Wow, that's an... interesting article.

As an investor if you believe that someone can buy Facebook ads and become a millionaire- than buy Facebook stock.
That sentence makes absolutely no sense. If he'd written it as "As an investor if you believe that everyone can buy Facebook ads and with no further skill or effort become a millionaire- than buy Facebook stock." then its meaning would be clearer, but it still wouldn't make sense.

Also, I'm always dubious of anyone whose primary claim to truth is that they have "hundreds of pages" of evidence. I've run across lizardmen-run-the-world conspiracy theorists who have "hundreds of pages" of evidence too, but that doesn't mean I'm putting on the tinfoil hat just yet (aside from AWC appearances).

10-06-2017 11:14 AM #9 blackjack (Member)

Quote Originally Posted by Mr Green View Post
...lol this is a joke.

He's scraping the barrel for points...

And he's wanting to do what Bill Ackman did with Herbalife.
Couldn't agree more. He's definitely trying to capitalize on his short positions.

Customer response article: https://www.forbes.com/sites/parmyol.../#21fe5e175732

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