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Why Quintessential Is Shorting This Music App

How iconic bossa nova stars guided Quintessential’s Gabriel Grego to his latest short-selling target.

The most popular artists on the app were bossa nova legends Antonio Carlos Jobim, Vinicius de Moraes, and Elis Regina. The roster made for a sensual playlist — but it was another red flag that things were askew at Akazoo, a Nasdaq-listed digital music service, according to managing partner Gabriel Grego

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