Short Seller Says Pure Storage Is A 'Melting Ice Cube,' Warns Of 'Pure Downside' In Shares
1. Kerrisdale Capital is shorting PSTG due to poor cloud growth prospects. 2. Company's product differentiation is seen as minimal and replicable. 3. PSTG's market share stagnation raises concerns about its future viability. 4. Recent deal with Meta offers limited hope for significant market capture. 5. Kerrisdale predicts downward trend in PSTG shares amidst competitive challenges.