Embattled firm to launch £75m share buyback to bolster stock price after criticism of sales and marketing
Advice for Darktrace: don’t complain, just explain
The chief executive of Darktrace has launched a staunch defence of the embattled cybersecurity company saying it is run with the “greatest integrity”, after allegations of irregular sales, marketing and accounting practices raised by a US-based hedge fund.
Poppy Gustafsson published a 1,200 word defence of the company she co-founded in 2013, after its share price collapsed to a record low after the publication of a highly critical 70-page report by New York-based Quintessential Capital Management (QCM) on Tuesday.
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