Opera hits back at 'short seller' whose report claimed its 'predatory' microloan droid apps could hurt, er... investors

Opera has responded to accusations that it offers predatory short-term loans to some of the world's most disadvantaged communities to shore up its financial results. The report by Hindenburg Research, which describes itself as "speciali[zing] in forensic financial research" and is described by Wall St analysts as "an activist …

[Chris G]

Six of one and a half dozen of the other

So we now have Short Sellers looking for or concocting stories to drive prices down or companies whose performance is down blaming Short Sellers for their woes.

It seems in politics and business now that the truth is determined by whoever shouts the loudest first.

[Phil O'Sophical]

Re: Six of one and a half dozen of the other

It seems in politics and business now that the truth is determined by whoever shouts the loudest first.

Hasn't it always been so? At least these days we have more access to data to help counteract it.

[Sgt_Oddball]

Re: Six of one and a half dozen of the other

Obligatory quote

A lie is halfway around the world before the truth has got its boots on

- pTerry

[MJB7]

Re: A lie is halfway around the world before the truth has got its boots on

pTerry did actually write those words, but I'm sure he wouldn't have claimed to have invented them. See

https://quoteinvestigator.com/2014/07/13/truth/. It cites “for falsehood will fly from Maine to Georgia, while truth is pulling her boots on.” from a court case in 1820, and Swift writing "Falsehood flies, and the Truth comes limping after it" in 1710.

[Bronek Kozicki]

Tut, tut

Opera, I am disappointed in you

[Rich 11]

Re: Tut, tut

From award-winning original ideas to usury in 20 years.

[jgarbo]

Re: Tut, tut

Do you hang the prisoner before or after the trial in your kingdom?

[Rich 11]

Re: Tut, tut

During. It has a salutary effect on the witnesses.

[Pascal Monett]

What is this ?

Creating an app that harvests user contacts to badger their friends and family for getting a loan repaid ?

And that was created by a browser maker ?

Is that really true ?

Because if it is, Opera is getting nuked from my PC.

I will be following this affair closely.

[ScissorHands]

Re: What is this ?

Opera is dead. It has been dead for years, and became an eldritch abomination after the Chinese buyout.

(This message was posted from Opera 12.17)

[Korev]

Re: What is this ?

I'm typing this in Vivaldi, it's from the original Opera founders and it's pretty good.

[Gonzo wizard]

Re: What is this ?

Lynx FTW. Cookies? What are they?

[jgarbo]

Re: What is this ?

Lynx. Images, video, what are they?

[Moldskred]

Re: What is this ?

Useless distractions, for the most part.

[Captain Scarlet]

Re: What is this ?

Pfft no presto engine

[jgarbo]

Re: What is this ?

Reminds me of a Harry Enfield skit...

"If you're sleeping with my wife I'll kill you!"

"You're not married. You're 13 yrs old."

"Well, when I do grow up and get married and if you're sleeping with my wife...where you goin'?"

When I went to school it was called jumping to conclusions, what the idiots in the class did...while we played chess.

Disclaimer: Running Opera 66 (Linux), Fast, VPN, AdBlock, Super Screenshot app, great Select Text app, sensible layout and menus.

[Tigra 07]

Re: What is this ?

"Disclaimer: Running Opera 66 (Linux), Fast, VPN, AdBlock, Super Screenshot app, great Select Text app, sensible layout and menus."

The VPN makes sense now, as they can track your location and internet traffic if you flee the country to avoid paying back your predatory loan from them.

[Moldskred]

Do they believe that people will believe they believe that?

"The Company believes that the report contains numerous errors, unsubstantiated statements, and misleading conclusions and interpretations regarding the business of and events relating to the Company."

So I take it they haven't actually _found_ any? Seriously, as rebuttals go that one is as soft and non-committal as they come. They might as well have said "yeah, well, you know, that's just, like, their opinion, man."

[TimMaher]

Hindenburg?

Well, we don’t need an Oracle to tell us what happened there.

And “no”, I’m not talking about Paul Ludwig Hans Anton von Beneckendorff und von Hindenburg, General of Infantry.

I’ll get my greatcoat.

[Tigra 07]

Wongopera?

Seems like Opera is trying to operate like Wonga was. "You borrowed a pound, and now your current debt is eight thousand, three hundred and twenty seven pounds...And twenty six pence."

[Bronek Kozicki]

I found this article more detailed and useful.