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  "documentTitle": "Lemonade, Inc. (LMND)",
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      "text": "Lemonade has not earned the trust necessary to operate a consumer facing insurance business.",
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      "text": "Sincerely,\n\nCarson Block\nMuddy Waters Capital LLC",
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      "text": "We note that another activist short seller, The Friendly Bear, has concluded Lemonade's attempt to position itself as an ESG investment is phony and insincere. Based on this egregious failure to secure your customer data, it is hard to believe otherwise. Lemonade has not earned the trust necessary to operate a consumer facing insurance business.",
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      "text": "1 https://friendlybearresearch.com/2020/12/31/how-lemonade-hijacked-the-esg-movement-to-pull-off-the-1-stock-promotion-of-2020/",
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