What is going on at Opera Software? – Investigation of potential claims against Opera Limited

This investigation concerns whether Opera has violated federal securities laws and/or engaged in other unlawful business practices
What is going on at Opera Software?
January 19, 2020
https://www.ghacks.net/2020/01/19/what-is-going-on-at-opera-software/

 

Opera reportedly has multiple predatory loan apps in the Play Store with interest rates of up to 876%
https://www.androidpolice.com/2020/01/19/opera-predatory-loans/

"It's no secret that Opera isn't doing so well in the era of Chrome dominance. According to a report published by Hindenburg Research, the company's losses in browser revenue have apparently led it to create multiple loan apps with short payment windows and interest rates of ~365-876%, which are in violation of new Play Store rules Google enacted last year..."

Okash & Opesa are Opera apps.
"...If you think that's bad, then buckle in! According to Play Store reviews, the OKash and OPesa apps sent text messages or calls to people in the user's contacts when payments were late, threatening to take legal action or place the borrower on a credit blacklist..."

Suggest all Opera users jump to Vivaldi.

 

Quick, to the Opera Damagecontrolmobile ...

https://investor.opera.com/

"The Company is aware of and has carefully reviewed the report published by the short seller on January 16, 2020. The Company believes that the report contains numerous errors, unsubstantiated statements, and misleading conclusions and interpretations regarding the business of and events relating to the Company.

The Company has recently launched and scaled multiple new businesses and has continued to post strong financial results, and intends to continue leveraging its well-known brand and large user base of more than 350 million users for additional growth. The Company also remains committed to maintaining high standards of corporate governance and constantly evolving our products, practices and governance." ~ op cit

 

Well, I always thought that Opera Software was being very vague about who's developing the Opera browser, so I don't really trust them.