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Short Seller Andrew Left Goes Sour On Lemonade, Says Company Lies To Shareholders

Andrew Left

Citron Research’s Andrew Left criticized insurance company Lemonade Inc (NYSE: LMND) on Friday, saying its stock multiple is based on empty marketing tactics.

The Lemonade Bear Case: In a Twitter live video, Left dismissed Lemonade Inc's claims of bringing new technology to the insurance industry, saying the company's technology is no different from insurers like Progressive Corp. (NYSE: PGR) or State Farm.

"They've been lying to their customers and their shareholders," said the noted short …

Full story available on Benzinga.com

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