URL has been copied successfully!
The Fundrise Innovation Fund, LLC (NYSE:VCX) saw its shares collapse Thursday. The stock fell 49.21% following a series of critical posts from activist short seller Andrew Left’s Citron Research.
Citron Questions “Simple Math” and Asset Value
Citron Research said on X, that it is short VCX, arguing the stock’s valuation is disconnected from its underlying assets, adding, “Simple math.”
The report compared the situation to Destiny Tech100 Inc. (NYSE:DXYZ). Citron noted that DXYZ saw its 1,400% premium collapse despite its underlying portfolio performing well. Left warned that “gravity is not a theory” regarding the current VCX valuation.
Regulatory History and Marketing Spend Under Fire
The short report also focused …
Please follow us:
This post was originally published here
