Hindenburg Research shorts Jack Dorsey’s payments firm ‘Block’, share prices decline over 22%
Shortpedia
Content Team
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Hindenburg Research, a short-selling firm, has released a report accusing Twitter co-founder Jack Dorsey's payments company, Block Inc. of misleading investors about the growth of its core business. The report alleges that the firm's core business, is shrinking and the company has been relying on the growth of its cryptocurrency trading platform, Cash App, to make up for the shortfall.
