Citron thinks Shopify is like Herbalife

#1

Post by infynyxx2 » Tue, Oct 10, 2017, 6:14 PM UTC

Citron thinks Shopify is like Herbalife
citronresearch.com

Re: Citron thinks Shopify is like Herbalife

#2

Post by wonder_bread » Tue, Oct 10, 2017, 6:29 PM UTC

Pretty hilariously bad report. When they first came out with it the URL path said 'Spotify' instead of 'Shopify'

Re: Citron thinks Shopify is like Herbalife

#3

Post by reiichiroh » Tue, Oct 10, 2017, 6:40 PM UTC

Are these the losers who underestimated the fandom of the Ubquiti networking owners?

Re: Citron thinks Shopify is like Herbalife

#4

Post by ng12 » Tue, Oct 10, 2017, 6:42 PM UTC

Who listens to these clowns? I'm shocked they have such an overwhelming effect on the market ($SHOP is down ~20% since last week).

Re: Citron thinks Shopify is like Herbalife

#5

Post by eli » Tue, Oct 10, 2017, 6:43 PM UTC

But aren't the vast majority of Shopify users selling products (not recruiting other users to Shopify)?

Re: Citron thinks Shopify is like Herbalife

#6

Post by soared » Tue, Oct 10, 2017, 6:46 PM UTC

So is this like a conspiracy theory / clickbait blog but for investors? The content (and even web design) is laughable.

Re: Citron thinks Shopify is like Herbalife

#7

Post by madamelic » Tue, Oct 10, 2017, 6:47 PM UTC

This is beyond grasping at straws.

Shopify performs a service, Herbalife does not. Shopify recruits people, Herbalife sells inventory.

I don't see Shopify asking for upfront payments from their affiliates.

Not to mention the fact that a successful Shopify store relies on skill at SEO, social media and picking the right products. Herbalife relies on being early enough in the "reverse funnel" and having a lot of people downstream (not skill).

There is literally no similarities between Shopify and HerbaLife beyond a program recruiting people, which basically every large site has.

Re: Citron thinks Shopify is like Herbalife

#8

Post by parthdesai » Tue, Oct 10, 2017, 6:47 PM UTC

He probably made a ton of money shorting the stock.

Re: Citron thinks Shopify is like Herbalife

#9

Post by dasil003 » Tue, Oct 10, 2017, 6:47 PM UTC

I can't help but laugh at the irony of the copywriting style, is this meant to appeal to the same kind of clueless audience that calls numbers for MLM-scheme posters stapled to telephone poles? If so, to what end?

Re: Citron thinks Shopify is like Herbalife

#10

Post by mrguyorama » Tue, Oct 10, 2017, 6:48 PM UTC

I've never heard of this Citron Research group. However, anytime a company tries to sell something as a "lifestyle" or other cult like mentalities, you know something sketchy is going on.

Also, I'm disappointed that Herbal Life was only required to pay $200 million. Their predatory practices destroyed lives in order to enrich top dogs in the business, and that makes my blood boil