UK's Trustpilot plunges as Grizzly Research discloses short position
04/12/2025 12:56
Updates ** Trustpilot Group TRST.L falls 25% to 142.2p; top pct loser on FTSE Midcap .FTMC index, which is up ~0.2% ** Shares at a near 2 yr-low after short seller Grizzly Research says it has a short position in the 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" ** TRST did not immediately respond to a Reuters request for comment ** YTD, TRST down ~43% (Reporting by Prerna Bedi in Bengaluru) ((Prerna.Bedi@thomsonreuters.com ; +91 98052 2461))