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Truecaller – Yours True-ly, Viceroy Research

October 5, 2022 – On October 3, 2022 – Truecaller released a press statement in response to Viceroy’s report, Truecaller’s True Colors, on October 3, 2022. As expected, Truecaller’s statement fell squarely within the clutches of Catch-22 (the greatest catch there is).
Here at Viceroy, we like to keep one in the barrel in case management decide to persist with nonsense narratives.

  • As of latest available filings, Truecaller is subject to tax proceedings in Sweden and investigations in India. This is disclosed in Truecaller’s own prospectus.
  • Truecaller’s prospectus highlights every single risk Viceroy have identified as a real risk to its business.
  • Management proactively install safeguards to prevent minors from downloading its app, but refuse to acknowledge that most of its phone book, including minors, consists of non-consenting, non-user data.
  • Management acknowledge a huge privacy breach while preaching the “privacy focused” nature of its public phone-book.

This report will scrutinize Truecaller’s logical gymnastics, mutually exclusive arguments, and healthy dose authoritative bias.