Wolfpack Research Posts On X "1/ $MAX's CEO Steven Yi was grandstanding during the earnings call about how "horrible" it was for us to publish our findings on MAX. We think this is a bit rich coming from a guy whose firm has spent years using fraudulent ads and deceptive websites to drive leads to scammers like Simple Health. We weren't the first ones to make that connection, it was the FTC.." (Continued)
Portfolio Pulse from Benzinga Newsdesk
Wolfpack Research has criticized MAX's CEO Steven Yi for his comments during the earnings call, accusing the company of using fraudulent ads and deceptive websites. They highlighted an ongoing FTC investigation and questioned the company's internal investigation. Wolfpack also noted potential negative impacts from upcoming FCC regulations.
August 06, 2024 | 3:15 pm
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Wolfpack Research has accused MAX of using fraudulent ads and deceptive websites, and highlighted an ongoing FTC investigation. They also noted potential negative impacts from upcoming FCC regulations.
The accusations from Wolfpack Research, combined with the ongoing FTC investigation and potential negative impacts from new FCC regulations, are likely to create negative sentiment around MAX's stock in the short term.
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IMPORTANCE 90
RELEVANCE 100