Wall Street doesn't know what to make of the story. Most of the ex-employees asked not be named because of nondisclosure agreements or concerns over job repercussions for those still in the tech industry. An investor lawsuit from last year alleges that, ahead of its public market debut, the company made misleading statements about its access to a 12,000-person sales force tied to its partnership with energy company Baker Hughes.Īnd over two dozen former C3.ai employees, who CNBC contacted in looking into these allegations, described a culture of fear at the company that filtered down from the top. Siebel has also been criticized for selling hundreds of millions of dollars worth of shares in the months following the company's 2020 IPO. Siebel says it's not true, and blasts the shorts for driving his stock price down so they can make money, or "cover the short and pocket the profits," as the company said in an official response.
Short sellers have been pounding his company of late with a series of allegations: inflating margins, misclassifying revenue, engaging in "aggressive accounting" and for a lack of transparency in how it counts customers. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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