Connect with us

Hi, what are you looking for?

TheVoiceOfThoughts.comTheVoiceOfThoughts.com

Tech News

Is Jack Dorsey going to get blown up by Hindenburg Research?

Jack Dorsey on a purple background
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.

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…

Continue reading…

You May Also Like

Tech News

The 22-word statement was kept short to avoid disagreement among signatories. | Image: Alexa Steinbrück / Better Images of AI / Explainable AI /...

Editor's Pick

Marc Joffe Each April, USAFacts, a not‐​for‐​profit information provider founded by former Microsoft CEO Steve Ballmer, issues a report on the condition of US federal, state,...

Editor's Pick

Adam N. Michel As Congress searches for policies to meet our current economic challenges, maintaining full expensing—which has begun to phase out—should be top...

Editor's Pick

Paul Matzko Los Angeles spent $200,000 on La Sombrita (‘“in the shade”), a bus stop shade/​light structure that provides little shade or light. It has been...