Block loses 20% of value as Hindenburg Research alleges fraud
finance.yahoo.com
Block loses 20% of value as Hindenburg Research alleges fraud
1–10 of 136 posts
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#2Direct link to the source website:
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#3It seems like a pretty wild time to be on the offensive against American fintech companies. No real comment on the merits of their research (yet), just a little shocked at the timing.
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#4It seems like a pretty wild time to be on the offensive against American fintech companies. No real comment on the merits of their research (yet), just a little shocked at the timing.
FYI: Hindenburg Research on Block (Square) has been going on for last 2 years. Not saying the release of the report is strangely coinciding with all the bad news we are having about Finance/Banking industries but wanted to add this info.
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#5It seems like a pretty wild time to be on the offensive against American fintech companies. No real comment on the merits of their research (yet), just a little shocked at the timing.
“You’d shoot a man in the back?”
“Well, it’s the safest way, isn’t it?”
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#6It seems like a pretty wild time to be on the offensive against American fintech companies. No real comment on the merits of their research (yet), just a little shocked at the timing.
When is the right time to go against predatory and corrupt companies?
Yesterday. But today is a good second choice.
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#7Block published a press release [0] saying they intend to sue. But, that article by Hindenburg seems quite in-depth and they'll have a hard time squeezing themselves out of this.
[0]: https://investors.block.xyz/news/news-details/2023/Blocks-Re...
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#8Re: Block loses 20% of value as Hindenburg Research alleges fraud
#9It seems like a pretty wild time to be on the offensive against American fintech companies. No real comment on the merits of their research (yet), just a little shocked at the timing.
Why?
Re: Block loses 20% of value as Hindenburg Research alleges fraud
#10“ Initial Disclosure: After extensive research, we have taken a short position in shares of Block, Inc. (NYSE: SQ). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.”
I’m surprised that it’s legal to short sell then go on the attack. If it is, imagine having the cojones to do that and then go live with this report.