AuthID Exposed: A Selfie ID Startup with No Market?
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AuthID Exposed: A Selfie ID Startup with No Market?
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In this episode of Short Seller Scoop, we delve into White Diamond Research’s eye-opening report on authID, a company promoting selfie-based identification for security. A former executive claims authID’s core product lacks “market fit,” raising questions about its future. According to White Diamond, authID has been misleading investors by reporting “sales” when referring to tentative bookings. Additionally, recent contracts with small, low-revenue firms don’t appear promising for boosting authID’s growth. As White Diamond issues a sharp price target cut, we explore what these revelations mean for authID and the evolving landscape of identity authentication.
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