Hindenburg

Hindenburg Research said on Thursday it held short positions in Block Inc, alleging that the Jack Dorsey-led payments firm overstated its user counts and ...

It has a track-record of finding corporate wrongdoings and placing bets against the companies. With Dorsey and top executives already having sold over $1 billion in equity on Block’s meteoric pandemic run higher, they have ensured they will be fine, regardless of the outcome for everyone else," the report added. Despite having $31 billion in assets, Block avoided these regulations, the report said, by routing payments through a small bank and gouging merchants with elevated fees. With its influx of pandemic Cash App users, Hindenburg says Block quietly fueled its profitability by avoiding a key banking regulation meant to protect merchants. Even when users were caught engaging in fraud or other prohibited activity, Block blacklisted the account without banning the user. "Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping," the short seller said in a note published on its website.

Hindenburg's report claimed that Block has allowed fraudulent accounts to proliferate on cash applications, generating illegitimate revenue and exaggerating ...

Hindenburg's next target: Block Inc was founded by entrepreneur Jack Dorsey and it offers payment and mobile banking services for merchants and consumers.

The report claims that Block thrived on the "unbanked" customers. However, the report adds on, that most of the “underbanked” customers were either criminals or people involved in illicit activities. Hindenburg, in its blog said, "Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping. The blogpost further states that Block Inc wildly overstated its genuine user counts and understated its customer acquisition costs. - Former employees estimated that 40 per cent to 75 per cent of accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual. [Jack Dorsey](/about/who-is-jack-dorsey) and it offers payment and mobile banking services for merchants and consumers.

अदाणी समूह के बाद शॉर्ट सेलर हिंडनबर्ग ने ट्विटर के संस्थापक और पूर्व सीईओ जैक डोर्सी की ...

अमेरिका की शॉर्ट सेलर फर्म Hindenburg ने गौतम अडानी समूह के बाद अब एक नई कंपनी पर गंभीर आरोप ...

हिंडनबर्ग क्या है: हिंडनबर्ग फॉरेंसिक फाइनेंशियल रिसर्च में माहिर फर्म है। साल 2017 में नाथन एंडरसन ने इस फर्म की स्थापना की थी। यह कंपनी ना सिर्फ इक्विटी, क्रेडिट और डेरिवेटिव का विश्लेषण करती है बल्कि मानव निर्मित आपदाओं के एंगल से रिसर्च करती है। रिसर्च के दौरान कंपनी अनियमितताएं, कुप्रबंधन और अन्य गड़बड़ियों को ढूंढती है। हिंडनबर्ग ने एक और कंपनी को लपेटा, कौन है इस नए खुलासे के पीछे, जानें सबकुछ [हिंदी न्यूज़](/) [बिजनेस](/business/)हिंडनबर्ग ने एक और कंपनी को लपेटा, कौन है इस नए खुलासे के पीछे, जानें सबकुछ

अदाणी ग्रुप के बाद अमेरिकी शॉर्ट-सेलर फर्म हिंडनबर्ग रिसर्च (Hindenburg Research) ने अब ट्विटर ...