Block: Inflated user metrics and “frictionless” fraud facilitation

#1

Post by boh » Thu, Mar 23, 2023, 12:39 PM UTC

Block: Inflated user metrics and “frictionless” fraud facilitation
hindenburgresearch.com

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#2

Post by propercoil » Thu, Mar 23, 2023, 12:57 PM UTC

[flagged]

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#3

Post by stuartjohnson12 » Thu, Mar 23, 2023, 12:58 PM UTC

Chesterton's Fence strikes again - every so often, someone has the bright idea of uninventing all the rules for just long enough that all of the reasons the rules were invented in the first place can regress back into existence.

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#4

Post by agentgumshoe » Thu, Mar 23, 2023, 12:58 PM UTC

This is bad for Block. I hope. It's incredible that since 2008 it actually seemed immensely easier to skirt regulations and laws (under the banner of 'innovation'), and not just in finance. Just about all of silicon valley seems to have run the longest and broadest grift we've seen.

This year's gonna get real interesting.

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#5

Post by mesmertech » Thu, Mar 23, 2023, 12:58 PM UTC

Why did paypal stock have to drop because of this...

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#6

Post by sgerenser » Thu, Mar 23, 2023, 12:59 PM UTC

propercoil wrote: post #2

[flagged]

Hindenburg research outed actual, verifiable fraud by Nikola and Adani group. Haven’t even looked at these claims yet, but to say they make “ludicrous claims” in general is just not accurate.

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#7

Post by noloblo » Thu, Mar 23, 2023, 1:00 PM UTC

propercoil wrote: post #2

[flagged]

It is already down to 58 from yesterday close at 72 how much will the short sellers make if it opens at 58$ in half hour?

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#8

Post by krona » Thu, Mar 23, 2023, 1:00 PM UTC

propercoil wrote: post #2

[flagged]

I'm pretty sure he'd get sued in to the ground if anything published turned out to be materially false.

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#9

Post by headsoup » Thu, Mar 23, 2023, 1:00 PM UTC

propercoil wrote: post #2

[flagged]

What? Do you know who Hindenburg are or are you just a shill account (or Bill Ackman fanboy)?

Short sellers are essentially litmus tests. If you're all legit, they'll get wrecked, if you're doing dumb things, you're about to get found out.

Re: Block: Inflated user metrics and “frictionless” fraud facilitation

#10

Post by headsoup » Thu, Mar 23, 2023, 1:02 PM UTC

mesmertech wrote: post #5

Why did paypal stock have to drop because of this...

Probably just because they offer similar services, so a bit of contagion.