Sahm Adrangi: Ad Fraud and QuinStreet

A conference that focuses on short selling has been in demand for a long time. The Kase Short Selling Conference gave the attendees what they had been waiting for and more. Among the variety of investment professionals that shared their insight on the industry was Sahm Adrangi, Kerrisdale Capital Management’s Chief Investment Officer. Despite the fact that many people involved with short selling have been having problems picking good picks for their portfolios, Sahm Adrangi has used diligence and research to avoid this.

When choosing companies to short sell, Sahm Adrangi takes an interesting approach as a value investor. Not only do his stock choices create a source of revenue for his business, they also make a difference in society. The businesses that Kerrisdale Capital choose to short generally aren’t just businesses doomed to see a drop in their stock prices, they’re engaging in business practices that are misleading and sometimes participating in fraud

At the Kase Conference, Sahm Adrangi discusses a few of these businesses that have caught his interest in recent years. One of these being QuinStreet, a company that is paid to place advertisements and generates traffic for their clients. While they have recently seen a significant increase in business and traffic to their clients, it’s not likely to be coming from where their clients believe.

It is believed that QuinStreet is one of the many companies that are practicing ad fraud. Through the use of traffic generated from sites like Swagbucks that pay users to click on ads and even completely artificial methods like bots. Clients pay firms like QuinStreet for each click that their advertisements get, but they expect them to be from parties that are interested in their services.

While these less than honest practices may drive up the stock prices of these advertising companies temporarily, Sahm Adrangi is certain that it will come to an end soon as their practices are discovered. While users who get paid for clicking on these links may enjoy the extra few bucks they earn, the businesses that are paying for those clicks are wanting valid traffic to their websites,
https://www.crunchbase.com/person/sahm-adrangi

Shervin Pishevar Makes Bold Predictions in His 21 Hour Tweet Storm

Shervin Pishevar went on a Tweet storm that lasted 21 hours on February 5, 2018. Shervin Pishevar touched on and made predictions of topics from Bitcoin, Silicon Valley, SpaceX, and the stifling of United States based startups.

Shervin Pishevar began his stream of tweets with the bold prediction that the markets would drop 6,000 points in the months ahead. He predicted “financial storms” as there would be volatility in the bond market that would create instability in other markets as well. Shervin Pishevar also addressed the future of Bitcoin and gold, as he tweeted that gold would rise in response to recent economic instability and that Bitcoin would continue to crash and then stabilize at the $2-5k range. Pishevar predicted that after the initial stabilization, Bitcoin would continue to rise at a slow and steady pace.

Shervin Pishevar then went on to address his thoughts on the decline of Silicon Valley. He tweeted that Silicon Valley, while still a physical place, has transcended into a greater idea in technology. Pishevar went on to say that “entrepreneurship is a movement” and described it as “borderless”, meaning that innovation is no longer considered to be confined to California or the United States as before. Pishevar warned that the United States was falling behind to countries such as China in its infrastructure growth. He accused the United States government and companies to be “trapped in short-term thinking”. The only exception Shervin Pishevar gave to this thought was the SpaceX program, which he believes will flourish when executed.

Finally, Pishevar’s Tweet storm concluded with his thoughts on the stronghold that the tech giants such as Google, Microsoft, Apple, Amazon, and Facebook have on economic development. Pishevar hypothesized the monopoly that these companies have created have suffocated the development of any future United States based startups.

https://www.worldaffairs.org/event-calendar/speaker-directory/shervin-pishevar