Hindenburg Research, a noted short-seller, has turned its attention to Jack Dorsey’s Block. The claims have succeeded in driving down Block’s stock price by 20% so far today (March 23, 2023). Amongst other statements, they say “The ‘magic’ behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.”
