Paysafe

Paysafe Attacked by Shorters

Electronic payment company Paysafe (PAYS) has come under attack today by a blogging company named Spotlight Research. The share price fell by as much as 38% during the day and finished 18% down at 305p. Spotlight admit they may be shorting the shares. The 50+ page document they have published makes various allegations but the key ones are that Paysafe have been enabling illegal gambling and money laundering, particularly in China, India and other Far East countries. They allege a lot of ...

Identity Theft – Experian, TalkTalk and Optimal Payments

There have been a spate of cases of digital identity theft or breaches of security from UK listed companies of late. Their shares prices have all been affected to a greater or lesser extent. On the 2nd October, Experian (EXPN) reported that 15 million US consumers who had applied for T-Mobile services had been the subject of theft of their personal information. T-Mobile is reviewing its relationship with the company, but the share price only suffered a temporary setback even though the ...