The tug of war over Monitise Plc (LON:MONI) (OTCMKTS:MONIF) is intensifying between those long the stock, such as Leon Cooperman of Omega Advisors, and those short, which includes Tiger cub Philippe Laffont of Coatue Management, a hedge fund well known for its focus on technology stocks.
As previously reported in ValueWalk, Monitise is a firm engaged in automating the banking process. Monitise Plc (LON:MONI) (OTCMKTS:MONIF) provides both online and mobile software solutions to encourage non-branch banking, which major banks in the UK have predicted will come to an end.
Technological displacement is frequently accompanied with volatility and the...
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