Short seller J Capital has slammed aerial mapping business Nearmap, arguing its US business is failing under competitive pressure as management attempt to cover up problems with accounting tricks and hyperbole.
Aerial mapping business Nearmap has struggled to capture market share in the US where it has been operating since 2014. Nearmap
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
