Shares ended the day down 26% to close at $24.95. The letter accused the AI firm of various “fraudulent accounting conventions,” pointing to details
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The AI company's stock slumped 26% after Kerrisdale Capital said it sent a letter to C3's auditor to highlight accounting and disclosure issues.
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Kathy Hochul (D) is backing a proposal to change the state's method of accounting for greenhouse gas emissions, after state modeling estimated
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In our opinion, C3.ai has utilized highly aggressive accounting to inflate its income statement metrics in order to meet sell-side analyst estimates
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Key Points. In a letter to C3.ai's auditor, Kerrisdale accused the company of multiple accounting irregularities.
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