Live data from Hacker News

Block loses 20% of value as Hindenburg Research alleges fraud

finance.yahoo.com

91–100 of 136 posts

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

#91
post #89
post #86

Earlier quoted context omitted.

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.

It’s an attack on water drinkers, air breathers, etc etc

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

#92
post #53

Earlier quoted context omitted.

How do these differ from shills who pump a stock price far above the net value of the company without any indicators backing that?

What are you getting at?

There is no fundamental reason to be upset with short sellers; they can be honest or dishonest about their motives just as holders of long positions can be. When they are honest and open, they provide a service to the community in the same way that honest & open holders of long positions do.

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

#93
post #85
post #75

Earlier quoted context omitted.

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

But does anyone really "know" their customer?

I wonder how far you could get, if they provide a bank like statement you might be able to get phone servce / utilities (in parts of the world where your SS number isnt your password). Likely never able to get an actual bank account through however.

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

#94

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…

Parag sold to Elon, and he got a great return for shareholders by selling at far above market value. Jack doesn't do anything but meditate and grow a beard like he's young Steve Jobs. Why the board let him be CEO when he didn't do any apparent work is a different question.

Who takes the deal or not is the board. Sure, Parag did the work, as it was his job as CEO

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

#95
post #82

> 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

So what?

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

#97
I've not read the article but I have a question: lets say, after an investigation by the Gov, the illegal doings in the article turn out to be false. Do the company shareholders of the accused company have the right to sue, in this case Hindenburg research, for the stock value loss due to the article?

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

#98

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…

Better never been hired than hired and fired?

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

#99

I've not read the article but I have a question: lets say, after an investigation by the Gov, the illegal doings in the article turn out to be false. Do the company shareholders of the accused company have the right to sue, in this case Hindenburg research, for the stock value loss due to the article?

Yes, if you publicly claim things that are not true and it causes a company's share price to go down, the shareholders can sue you for damages. For example, [0] shows how Elon got sued by twitter shareholders for his "bot" claims.

[0] https://www.bloomberg.com/news/articles/2022-08-01/musk-sued...

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

#100
post #8

Earlier quoted context omitted.

“You’d shoot a man in the back?” “Well, it’s the safest way, isn’t it?”

Always has been...

To shoot someone in the back, first you have to get behind them.
Post reply on HN