2020-04-08
Wolfpack is short $IQ. Our research shows that $IQ was committing fraud well before its 2018 IPO and has continued to do so since. We est IQ inflated its 2019 revenue by approx RMB 8-13 billion, or 27%-44% and overstates its user numbers by approx 42%-60% https://wolfpackresearch.com/ ...
Variety
Report accuses Baidu's streaming site iQiyi of fraud “well before its 2018 IPO”, says it inflated 2019 revenue by ~$1.13B to $1.98B by overstating user numbers
Patrick Frater / Variety : Source: Wolf Pack Research .