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  "documentTitle": "authID Inc. (AUID)",
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  "notes": "The slide functions as a 'short-seller' research note, systematically dismantling the investment thesis for Triller/AGBA.",
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      "text": "This type of scam fits well with Triller’s CEO and Co-founder, Bobby Sarnevesht.",
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      "text": "revenue: $33.6M",
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      "text": "The bull case for Triller is that it will take market share from TikTok. However, as stated in this article, TikTok’s Chinese parent company, ByteDance, needs to sell the company and TikTok can remain in the US.",
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      "text": "This type of scam fits well with Triller’s CEO and Co-founder, Bobby Sarnevesht. In 2016, a jury found Bay Area Surgical Management (BASM) guilty of medicare fraud. Sarnevesht was a consultant for BASM and was named a principal in the lawsuit.",
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      "text": "In October of 2019, Triller raised $28M, valuing the company at only $130M. Triller’s latest funding round was on 8/29/22. Triller sold $200M in convertible debt on 8/29/22, eyeing a $3B valuation if the company went public later in the year.",
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      "text": "During this 2022 raise, Triller was projecting $250M in revenue for 2023. However, it missed that projection by a wide margin. It generated $48M in revenue for the year ended December, 2022 and revenue actually decreased in 2023.",
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