Yesterday, Hindenburg issued a long short report on Block and the stock dropped 15%. I have read the full report and categorize the accusations in two categories: nothingburgers and more substantial ...
Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company.
Update: Adds company response to short report. Block (NYSE:SQ) sank 22% to an over four-month low on Thursday after a short seller report from Hindenburg Research claimed the payments firm overstated ...
“Block has wildly overstated its genuine user counts and has understated its customer acquisition costs,” says the report. A report following a two-year investigation from Hindenburg Research claims ...
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