Trustpilot Plunges as Short Seller Targets Review Firm
Shares in Trustpilot Group Plc had their steepest ever one-day drop after Grizzly Research said it holds a short position and published a negative report on the consumer-review company.
The stock closed down 32%, sending it to the lowest level since December 2023 and cutting the firm’s market value by about £243 million ($324 million) to about £517 million.