theverge
Is Jack Dorsey going to get blown up by Hindenburg Research?
Illustration by Laura Normand / The Verge
How’s our favorite Bitcoin maxi Jack Dorsey doing? Well, the short sellers at Hindenburg Research published an absolute barn-burner of a report alleging widespread fraud at his company, Block. Besides that, Hindenburg says Block misled its investors and is engaging in predatory lending practices.
Oh, okay! Block is threatening to sue. Its shares closed down almost 15 percent on March 23rd, the day the report was released, from the day before.
Sure, it’s rude to bet on someone’s failure and profit off it, but rude isn’t the same as immoral
If you aren’t familiar with Hindenburg Research, they are bad motherfuckers! Like, they wrote a whole report alleging that the electric vehicle company Nikola was “intricate fraud built on dozens of…
