Hindenburg Report Causes Block Shares to Plummet and Accuses Jack Dorsey of Fraud Promotion.
TL;DR Summary
Shares of fintech company Block, run by former Twitter CEO Jack Dorsey, fell 14.8% after short-seller Hindenburg Research disclosed a short position in the company and published a critical report. While analysts are split on the outlook for the stock, the consensus on Wall Street remains bullish.
- Block Stock Splits Wall Street. One Fund Buys It, Sells Tesla After Hindenburg. Barron's
- Block shares plunge 15% after short seller Hindenburg says Jack Dorsey’s company facilitates fraud CNBC
- Hindenburg targets Block, erasing more than $6.5 billion in market cap CNBC Television
- Jack Dorsey Accused Of Using Hip-Hop To Promote Fraud And Crime On CashApp AllHipHop
- Block shares extend losses as Hindenburg report weighs Reuters
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