UK's Trustpilot dives as Grizzly Research discloses short position

Trustpilot

04/12/2025 08:33

** Trustpilot Group TRST.L falls 7% to 176.4p; second top pct loser on FTSE Midcap .FTMC index, which is up ~0.2%

   ** Short seller Grizzly Research says it has short position in UK-based online review platform

** Grizzly's report says "Trustpilot creates unsolicited review profiles for all kinds of businesses with the intention to attract hyper-negative reviews and force these businesses into paying subscription deals to "more actively manage" the reviews"

** YTD, TRST down ~43%

 (Reporting by Prerna Bedi in Bengaluru)

 ((Prerna.Bedi@thomsonreuters.com ; +91 98052 2461))