The Hindeburg Research report on ex-Twitter CEO Jack Dorsey's mobile payments firm Block has begun to have an impact on the company's fortunes. Hindenburg Research's new attack is on ex-Twitter CEO Jack Dorsey's mobile payments firm Block. The US short-seller, who made headlines in India following allegations of financial malpractice on Adani Group, announced a new report on Thursday accusing …
Block Inc. co-founder Jack Dorsey’s fortune tumbled by $526 million to $4.4 billion on Thursday after the latest Hindenburg Research report alleged the payments company ignored widespread fraud. On Thursday, Newyork-based short seller firm Hindenburg released a report claiming that Block had inflated user metrics and that its stock has a downside of 65 per cent to 75 per cent …
