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Block loses 20% of value as Hindenburg Research alleges fraud

finance.yahoo.com

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Re: Block loses 20% of value as Hindenburg Research alleges fraud

#81

Post by nosianu »

sokoloff wrote: post #59
Nursie wrote: post #43

Earlier quoted context omitted.

Is sanctions-evasion a good thing? Russia is currently fighting a war of aggression, applying controls on the flow of money in or out of there is one way in which the war machine can be starved.

Whether sanctions evasion is good depends principally on which side of the sanction line you fall.

"Aggression" is an objective measure. There is no subjectivity who starts a war and wo is in another country's territory. Those are observable facts.

And obviously Russia did not believe Ukraine to be a threat - or they would have not done this haphazard invasion with too little preparation and too few soldiers, so there is no excuse.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#82

Post by alx__ »

phnofive wrote: post #11

> Dorsey [...] told investors about the large number of songs named after Cash App and described how music had become a way to share with others how valuable the app is to them personally, providing them with “so much utility.” > A review of songs mentioning Cash App shows that the artists are not generally rapping about Cash App’s smooth user interface and robust software integration toolkit. > Instead, lyrics descr…

This is really just an attack on non-wealthy people.

If you're fucking wealthy, it's also very easy to move money for fraud, drugs, murder, literally anything. They just don't use the Cash App

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#83

Post by pwdisswordfishc »

jmeister wrote: post #56
posharma wrote: post #34

I know this is going to be controversial, but I think it has to be said. Jack ruined Twitter first [1] (by over-hiring and then selling it to Elon) and now it's Block's turn. He still made billions, while thousands got laid off and are still suffering under Elon's questionable so called leadership. Are these the entrepreneurs we should be looking up to? The tech industry is already facing the brunt because of the mis…

Twitter and Square wouldn’t have existed without Dorsey. Let’s not throw the baby out with the bathwater.

Okay, what can we say about his redeeming qualities for a change?

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#84

Post by bobcostas55 »

benjaminwootton wrote: post #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 repo…

Are you equally surprised that it's legal to go long and then talk your book?

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#85

Post by jevgeni »

blitzar wrote: post #75
jevgeni wrote: post #68

Earlier quoted context omitted.

> Hindenburg criticized the ability for a user to get a debit card by mail in any name but that is a form of KYC. Not sure I understood you correctly, but this is the opposite of KYC.

Did they mean that once you obtained banking in one false name you could use that to pass KYC with other facilities?

I thought maybe it's something like that, but that's still not KYC. Or maybe it's software engineer's "know-your-client" in a way, where if you have a consistent internal ID for the client that's enough. :D

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#86

Post by dymk »

alx__ wrote: post #82
phnofive wrote: post #11

> Dorsey [...] told investors about the large number of songs named after Cash App and described how music had become a way to share with others how valuable the app is to them personally, providing them with “so much utility.” > A review of songs mentioning Cash App shows that the artists are not generally rapping about Cash App’s smooth user interface and robust software integration toolkit. > Instead, lyrics descr…

This is really just an attack on non-wealthy people. If you're fucking wealthy, it's also very easy to move money for fraud, drugs, murder, literally anything. They just don't use the Cash App

It’s an attack on criminals, not non-wealthy people

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#87

Post by Semaphor »

Kbelicius wrote: post #65
throw239849234 wrote: post #31

Earlier quoted context omitted.

5. People for whom fiat money is impractical for one or more reasons This category is way larger than people in well-banked Western circles realise. Bitcoin (crypto) is one of the easiest ways for people affected by capital controls or sanctions (on the financial institutions they use, or the country they were unlucky enough to be born in) to freely move their (legally earned, and taxed) money across borders. Since o…

The idea that some cryptocoin is used by some large but unseen group of people is often talked about but nobody presents the data that show that this group really exists. Is there some real data that shows that this large group actually exists or is it all speculation?

It’s how I used it. To donate to an Ukrainian streamer many years ago who couldn’t use PayPal and to transfer money easily to my then girlfriend in South Africa (though that got replaced by xe.com later). It was just far easier and cheaper than the alternatives.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#89

Post by cnity »

dymk wrote: post #86
alx__ wrote: post #82

Earlier quoted context omitted.

This is really just an attack on non-wealthy people. If you're fucking wealthy, it's also very easy to move money for fraud, drugs, murder, literally anything. They just don't use the Cash App

It’s an attack on criminals, not non-wealthy people

But the attack is biased towards only the non-wealthy subset of criminals (par for the course), ipso facto it is an attack on the non-wealthy.

Re: Block loses 20% of value as Hindenburg Research alleges fraud

#90

Post by lanternfish »

dymk wrote: post #86
alx__ wrote: post #82

Earlier quoted context omitted.

This is really just an attack on non-wealthy people. If you're fucking wealthy, it's also very easy to move money for fraud, drugs, murder, literally anything. They just don't use the Cash App

It’s an attack on criminals, not non-wealthy people

Specifically, it's an attack on non-wealthy criminals and not wealthy criminals
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