1 deck published between 2022-11-16 and 2022-11-16 — 47 pages, 47 analysed slides total.
Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.
Muddy Waters is short DLO: contradictory TPV disclosures, implausibly high FX-driven take rates, governance failures and ~$1bn of insider selling point to likely fraud at the Uruguay-based payments processor.