Endurance (BlueHost, JustHost, HostGator, HostMonster) called out as fraud, stock price crashes 28%
Gotham City Research said that 40%-100% of Endurance International Group Holdings, Inc.’s profits were suspect. Gotham City said the company had overstated its organic growth by 3x, its domains hosted 1,000s of spam and malware-related sites, it hosted terrorist websites “as recently as a few weeks ago” Gotham says that the firm has an undisclosed subsidiary, had lied to the government about its credentials, and it was free cash flow negative.
Now this is interesting to watch, also these Gotham guys have a straightforward way of going about things, i.e. tell it like it is, I like that