Lauren Balik short Doxomity, calls company ‘a predatory business’

In a recently published report, Lauren Balik says she is short Doximity (DOCS). “Strong Sell. I am short DOCS. I believe DOCS is not ‘LinkedIn for Doctors’ but ‘ZoomInfo Targeting Doctors’ and it is a predatory business model set to burst in 2025.” “Doximity AKA ‘LinkedIn for Doctors’ is a business in declining health with major risks not accounted for by Wall Street,” Balik added, arguing that “Doximity’s revenue accounting and reported business metrics have become a joke… There is major risk in Doximity losing California HCPs and HCPs in other states with laws regulating processes requiring HCPs to upload IDs and collect data off HCPs as a requirement for these professionals to ‘claim’ a pre-populated profile about them… Doximity CEO Jeff Tangney was previously cofounder and CEO at Epocrates, which went public and endured the same practices of shifting revenue forward as the actual sales of the business failed.”