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Short-sellers make $400m after Hindenburg report slams payments firm Block

Jack Dorsey Cash App Usa BLOCK

23.03.2023 - 18:59

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fnlondon.com:

Short-sellers are cashing out after US-based payments firm Block’s stock plunged on the back of a critical Hindenburg Research report.

Shares of ex-Twitter boss Jack Dorsey's new business dropped by almost 20% on 23 March after the high-profile research firm accused Block’s Cash App of facilitating payments for criminal activity.

Financial...

Short-sellers make $400m after Hindenburg report slams payments firm Block

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