A.111
2023-03-26

Hindenburg Research's report alleging that Block has shown a "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," could have negative implications for the US technology conglomerate's governance profile if the allegations are confirmed. The Wall Street Journal hasn't independently verified whether the report's accusations are accurate. Shortly after the accusations, Block's shares fell 15% to close at $61.88 on Thursday. The company said in a statement the report is "factually

SQ: Short by Hindenburg but Supported by Wood?
$Block(SQ)$ fell 18% last week on short-seller report. Hindenburg Research accused Block of inflating user numbers. However, Cathie Wood loaded up over $20.9 million SQ. -------------------------- Was Block undervalued? How do you view this shorting report? Do you choose to short or bottom Block?
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