Zeta Global Corrects False and Misleading Claims About Its Business
Zeta Global (NYSE: ZETA) has published a detailed rebuttal addressing claims made in a short seller report from November 13, 2024. The company strongly refutes the report's allegations, characterizing them as misleading and false statements designed to decrease the stock value. CEO David A. Steinberg affirmed that Zeta's data management, privacy practices, and financial reporting comply with relevant laws. The company highlighted its confidence through a recently authorized $100 million stock repurchase program and insider stock purchases by management and board members. Zeta is actively using the current stock price dislocation to accelerate its buyback program.
Zeta Global (NYSE: ZETA) ha pubblicato un dettagliato ribaltamento delle affermazioni contenute in un rapporto di un venditore allo scoperto del 13 novembre 2024. L'azienda respinge fermamente le accuse del rapporto, qualificandole come dichiarazioni fuorvianti e false, volte a ridurre il valore delle azioni. L'amministratore delegato David A. Steinberg ha confermato che la gestione dei dati, le pratiche di privacy e la rendicontazione finanziaria di Zeta sono conformi alle leggi rilevanti. L’azienda ha messo in evidenza la sua fiducia attraverso un recente programma di riacquisto di azioni da $100 milioni e acquisti di azioni da parte dei dirigenti e membri del consiglio. Zeta sta attivamente sfruttando l'attuale dislocazione del prezzo delle azioni per accelerare il suo programma di riacquisto.
Zeta Global (NYSE: ZETA) ha publicado una refutación detallada abordando las afirmaciones realizadas en un informe de un vendedor en corto del 13 de noviembre de 2024. La empresa rechaza enérgicamente las alegaciones del informe, caracterizándolas como declaraciones engañosas y falsas diseñadas para disminuir el valor de las acciones. El director ejecutivo David A. Steinberg afirmó que la gestión de datos, las prácticas de privacidad y los informes financieros de Zeta cumplen con las leyes pertinentes. La compañía destacó su confianza a través de un programa de recompra de acciones de $100 millones autorizado recientemente y compras de acciones por parte de la dirección y los miembros del consejo. Zeta está utilizando activamente la actual dislocación del precio de las acciones para acelerar su programa de recompra.
Zeta Global (NYSE: ZETA)는 2024년 11월 13일의 공매도 보고서에서 제기된 주장에 대한 상세한 반박을 발표했습니다. 회사는 보고서의 주장을 강하게 반박하며, 해당 주장들을 주가를 하락시키기 위한 오해의 소지가 있는 거짓 진술로 간주했습니다. CEO David A. Steinberg는 Zeta의 데이터 관리, 개인 정보 보호 관행 및 재무 보고가 관련 법률을 준수하고 있다고 확인했습니다. 회사는 최근 승인된 1억 달러 규모의 자사주 매입 프로그램과 경영진 및 이사회 멤버들의 내부 주식 구매를 통해 자신감을 강조했습니다. Zeta는 현재의 주가 불일치를 활용하여 자사주 매입 프로그램을 가속화하고 있습니다.
Zeta Global (NYSE: ZETA) a publié une réfutation détaillée répondant aux allégations formulées dans un rapport de vendeur à découvert du 13 novembre 2024. La société conteste vigoureusement les accusations du rapport, les qualifiant d'assertions trompeuses et fausses, destinées à réduire la valeur des actions. Le PDG David A. Steinberg a affirmé que la gestion des données, les pratiques en matière de confidentialité et les rapports financiers de Zeta respectent les lois en vigueur. La société a mis en avant sa confiance à travers un programme de rachat d'actions de 100 millions de dollars récemment autorisé et des achats d'actions de la part de la direction et des membres du conseil. Zeta profite activement de la dislocation actuelle du prix de l'action pour accélérer son programme de rachat.
Zeta Global (NYSE: ZETA) hat eine ausführliche Widerlegung veröffentlicht, die sich mit den in einem Bericht von Leerverkäufern am 13. November 2024 erhobenen Vorwürfen befasst. Das Unternehmen weist die Anschuldigungen des Berichts entschieden zurück und bezeichnet sie als irreführende und falsche Aussagen, die darauf abzielen, den Aktienkurs zu drücken. CEO David A. Steinberg versicherte, dass Zetas Datenmanagement, Datenschutzpraktiken und Finanzberichterstattung den relevanten Gesetzen entsprechen. Das Unternehmen hob sein Vertrauen durch ein kürzlich genehmigtes Aktienrückkaufprogramm im Wert von 100 Millionen Dollar und Insiderkäufe von Management und Vorstand hervor. Zeta nutzt aktiv die aktuelle Preisdiskrepanz der Aktien, um sein Rückkaufprogramm zu beschleunigen.
- Board authorized $100 million stock repurchase program
- Insider buying from management and board members
- Company actively executing accelerated stock buybacks
- Short seller report causing stock price dislocation
- Company facing allegations regarding data practices and financial reporting
Insights
The company's strong rebuttal to short seller allegations, coupled with concrete actions including a
The accelerated pace of stock buybacks during the price dislocation presents a strategic opportunity for value creation. Insider buying, particularly by the CEO and board members, sends a powerful signal to the market about management's conviction in the company's prospects and their assessment that the stock is undervalued.
While short seller reports often create temporary volatility, the company's detailed point-by-point rebuttal and proactive communication strategy should help restore market confidence. The focus on legal compliance in data management and financial reporting addresses key concerns that could impact enterprise clients' trust.
The detailed rebuttal posted today builds on Zeta’s initial response, also published on November 13, 2024.
David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta, said, “The self-serving ‘report’ was filled with highly misleading and objectively false claims about Zeta and was written with a clear agenda: to drive down the value of our stock for the benefit of the author and the people betting against us.”
“We, along with our external legal counsel, thoroughly reviewed its spurious allegations, and as we detail extensively in our rebuttal, the facts could not be clearer: our data gathering and management, privacy policies and practices, and financial reporting comply with relevant law and advance our mission of delivering value for our clients and generating shareholder value."
Steinberg continued: “As demonstrated by the Board’s recent authorization of a
View the rebuttal by visiting: https://investors.zetaglobal.com/events-and-presentations/presentations/default.aspx.
About Zeta
Zeta Global (NYSE: ZETA) is the AI-Powered Marketing Cloud that leverages advanced artificial intelligence (AI) and trillions of consumer signals to make it easier for marketers to acquire, grow, and retain customers more efficiently. Through the Zeta Marketing Platform (ZMP), our vision is to make sophisticated marketing simple by unifying identity, intelligence, and omnichannel activation into a single platform – powered by one of the industry’s largest proprietary databases and AI. Our enterprise customers across multiple verticals are empowered to personalize experiences with consumers at an individual level across every channel, delivering better results for marketing programs. Zeta was founded in 2007 by David A. Steinberg and John Sculley and is headquartered in
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions. We base these forward-looking statements on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at such time. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our business, results of operations and financial condition and could cause actual results to differ materially from those expressed in the forward-looking statements. These statements are not guarantees of future performance or results. The forward-looking statements are subject to and involve risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. These cautionary statements should not be construed by you to be exhaustive and are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241120710510/en/
Investor Relations
Madison Serras
ir@zetaglobal.com
Press
Candace Dean
press@zetaglobal.com
Source: Zeta Global
FAQ
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