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Why Berkeley Lights Stock Is Plummeting Today

·2 min read
Why Berkeley Lights Stock Is Plummeting Today
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Cell biology specialist Berkeley Lights (NASDAQ: BLI) was getting slammed by investors on Wednesday, following a scathing tweet from an institutional short-seller. A firm called Scorpion Capital, which describes itself as focused on "activist short selling" of businesses it considers dubious, thrashed Berkeley Lights in a tweet thread published Wednesday morning. In the thread, Scorpion Capital forcefully accused the company of "Fleecing Customers And IPO Bagholders With A $2 [million] Black Box That's A Clunker."