Kerrisdale Capital Shorts Lumen Technologies Amid Financial Concerns

Kerrisdale Capital has announced a short position on Lumen Technologies, citing concerns over the company's financial health. Despite a recent 400% rise in stock value, Kerrisdale argues that Lumen's heavy debt burden and declining sales and margins render its equity worthless. The firm is skeptical about the impact of newly announced deals and the role of AI in reviving the company's fortunes.