Webb23 mars 2024 · "Hindenburg is known for these types of attacks, which are designed solely to allow short sellers to profit from a declined stock price," Block said in a statement. "We have reviewed the full... Webb23 mars 2024 · Hindenburg noted the prevalence of illegal payments on Cash App in its report. Big Number More than 500%. That’s how much Block shares skyrocketed between April 2024 and August 2024, peaking at...
Jack Dorsey
Webb30 mars 2024 · The bulk of Hindenburg’s short thesis around Block centers on how the company handles fraud within its Cash App. Block has since responded that only 2.4% … Webb23 mars 2024 · Hindenburg Research said on Thursday it held short positions in Jack Dorsey-led payments firm Block Inc. The US short seller’s report comes two months … jb pail\\u0027s
SQ Stock Alert: Block Responds to Hindenburg Claims
Webb14 apr. 2024 · Jack Dorsey’s Block fell into hot water with Hindenburg Research on 31 March 2024, striking a blow to the company’s share price (not to mention the Twitter co-founder’s net worth). Hindenburg Research released a two-year investigation into its popular pay-anyone service Cash App, alleging it facilitated fraud and other criminal … Webb23 mars 2024 · Shares of payments company Block dropped as much as 19% before the open on Thursday after famed short seller Hindenburg released a scathing report … Webb23 mars 2024 · Block plunged Thursday after Hindenburg Research said it's shorting shares in the payments company, alleging it has mislead investors with inflated metrics. … jbp asma grave 2021