PAYO - Payoneer drops after new short report from The Bear Cave

gutaper/iStock Editorial via Getty Images Payoneer (PAYO) fell about 4% after a new short report from The Bear Cave was released. The Bear Cave report discusses claims that the payments company allegedly operates on "high risk corners of the Internet." The report claims that the company has a "long-history" of operating in the "high-risk" payments space. Payoneer didn't immediately respond to Seeking Alpha request for comment. Payoneer went public earlier this week through a de-spacing transaction with Betsy Cohen's FTAC Olympus Acquisition SPAC that valued Payoneer at about $3.3B.

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Payoneer drops after new short report from The Bear Cave