Citron Research

Total 2 Posts

Rocket Internet has sold all its shares in Jumia

With several e-commerce companies across the continent having found it difficult to become profitable or even gain traction, the sale by Rocket Internet and possible sale by MTN Group could be interpreted as a vote of no confidence in the continent's e-commerce industry currently.

JUMIA shares down 20%, labeled a fraud

Citron Research has published a report showing that JUMIA overstated its customer numbers and other material discrepancies when filing with the SEC.