"Eric Jackson, the founder of Toronto-based hedge fund EMJ Capital, said the company was one of the most misunderstood platforms in the market which has yet to recognize its potential in artificial intelligence. Jackson said Wall Street traders are still valuing the company like a low-growth local advertising business when it really sits on one of the most irreplaceable identity graphs in the AI era."
"He cited the platform's reach of over 100 million real verified households with real identities and zero bots as its key strength. Jackson's bullish calls have given rocket fuel to companies like Opendoor, which has rallied by over 360% so far this year. Most of those gains were made since June when the fund manager began trumpeting the stock. Shares have since eased by over 30% after peaking in September."
"Jackson's hedge fund also sparked a 176% surge in Better Home in September, spurring comparisons with meme-stock social media influencer Keith Gill. The fund's holdings have come under scrutiny for featuring a volatile collection of companies that attract a big number of retail day-traders. Nextdoor has successfully fought allegations of overhyping the proportion of its active users before the social media platform went public."
Nextdoor shares jumped as much as 49% after EMJ Capital founder Eric Jackson promoted the stock as undervalued and primed for AI-driven growth. Jackson characterized the platform as misunderstood and contrasted Wall Street's low-growth local-ad valuation with its possession of an irreplaceable identity graph. He highlighted reach to over 100 million real verified households with real identities and no bots as a core asset. Jackson's earlier bullish calls helped trigger large rallies in companies like Opendoor and Better Home, and his fund's holdings have drawn scrutiny for volatility and retail trading activity. Nextdoor previously disputed claims about overstating active users.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]