RealReal down 4% after CNBC finds 'hundreds of fakes' on site

Shares of RealReal are lower after CNBC reported that following its investigation on the company's authentication process, newly obtained internal documents, called "Copywriting Faux and Tell," show "hundreds of fakes" the company missed. The internal documents are a weekly recap of RealReal published and returned counterfeits, CNBC reports. A total of 227 pages from the first and third quarters of 2019 show specific examples of what are labeled "TRR fakes," according to CNBC. Shares of RealReal are down 4%, or 69c, to $16.24 in afternoon trading. Reference Link