GRIZZLY RESEARCH Believes $PDD is a Dying Fraudulent Company

Ryan_Z0528
2023-09-07
“We believe $Pinduoduo Inc.(PDD)$ is a Dying Fraudulent Company and its Shopping App TEMU is Cleverly Hidden Spyware that Poses an Urgent Security Threat to U.S. National Interests.“ By Grizzly Research

Grizzly Research posted The app has hidden functions that allow for extensive data exfiltration unbeknown to users, potentially giving bad actors full access to almost all data on customers’ mobile devices.

It is evident that great efforts were taken to intentionally hide the malicious intent and intrusiveness of the software.

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Pinduoduo app got reinstated by removing the “bad parts”, some of which were identically utilized as components of the TEMU app, strongly indicating malicious intent.

We strongly suspect that TEMU is already, or intends to, illegally sell stolen data from Western country customers to sustain a business model that is otherwise doomed for failure.

TEMU is estimated to be losing $30 per order. Its ad spending and shipping costs (1-2 weeks from China, expedited to U.S. delivery) are astronomical. One is left wondering how this business could ever be profitable.

Full report link:https://grizzlyreports.com/we-believe-pdd-is-a-dying-fraudulent-company-and-its-shopping-app-temu-is-cleverly-hidden-spyware-that-poses-an-urgent-security-threat-to-u-s-national-interests/

As of post, $Pinduoduo Inc.(PDD)$ declined 6.88% with a 15.49% as YTD2023.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • ChrisColeman
    2023-09-08
    ChrisColeman

    fun fact - Neither super bulls makes money neither super bears makes money. 1. Someone keeps rotating money wins a lot. 2. if you don't have too much time to babysit then go long.

  • JohnMitchell
    2023-09-08
    JohnMitchell

    Not a super bearish. but if comes back to 80, I will re-enter again. profit booking is important on a volatile stock.

  • Kok
    2023-09-09
    Kok
    who cares about malicious intent on the app? it's ultimately a Chinese company with business mainly in China. as long as they are making money, stock price will keep going. if it's found out that they are ripping people off? they will face the firing squad then.
  • Hopehope赋予希望
    2023-09-08
    Hopehope赋予希望
    I heard pdd is very popular in china
  • Bonta
    2023-09-09
    Bonta
    Didnt know that research firms also need to be it savvy nowadays. [Facepalm]
  • Mayce
    2023-09-09
    Mayce
    Great ariticle, would you like to share it?
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