Opera is expanding beyond its web web browser company.

Browser manufacturer Opera’s expansion into money-lending solutions in Kenya, India and Nigeria evidently violates Bing’s rules against short-term loans, a study from research and investment company Hindenburg Research concluded. The headlines has pressed Opera’s stock 22% lower since a move that should help Hindenburg make money because it bet that the company’s share price would fall wednesday.

The Hindenburg report provides samples of Opera’s “predatory short-term lending” apps — OKash and OPesa in Kenya, CashBean in India and OPay in Nigeria — providing loans which can be since short as 15 days. The report additionally cited A november declaration from opera chief financial officer frode fleten jacobsen, whom said the business’s normal loan length was about fourteen days.

Such training could break Google’s October ban on Android os apps for short-term loans into the Enjoy shop. Read more