Qihoo CFO Denies Anonymous’s Report of Lower Online Traffic
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Qihoo 360 Technology Co., a Chinese developer of online security software, denied allegations made by Anonymous Analytics that user traffic on its website is lower than reported. The shares sank 7.5 percent.
The information cited in Anonymous’s report is “inaccurate,” Chief Financial Officer Alex Xu said yesterday by phone from Beijing. “This report is basically a repetition of what other short sellers said before,” which Qihoo has denied and clarified in the past, he said.