Effected by market condition a

RT2022

2023-03-24

Effected by market condition and short seller want to make $ myself will stay away from it because it may continue to go down unless want to monitor closely know when to cut loss $Block(SQ)$ or wait the bottom ? It is not easy if short seller already targeted it, just like $AMC Entertainment(AMC)$ unless the company is profitable and good prospect just like $Meta Platforms, Inc.(META)$ went down but finally now come up again 👍

@Tiger_comments：SQ -18%: What Happened and How Will SQ Move?

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Comments

点金胜手Max
2023-03-29
点金胜手Max
ok
Kok Weng
2023-03-27
Kok Weng
[Cool]
Lynnie.c
2023-03-25
Lynnie.c
Ok
Dindindino
2023-03-25
Dindindino
Yes
rogerl
2023-03-25
rogerl
Ok
Jloong
2023-03-25
Jloong
K

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It is not easy if short seller already targeted it, just like <a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a> unless the company is profitable and good prospect just like <a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a> went down but finally now come up again 👍</body></html>","htmlText":"<html><head></head><body>Effected by market condition and short seller want to make $ myself will stay away from it because it may continue to go down unless want to monitor closely know when to cut loss <a href=\"https://ttm.financial/S/SQ\">$Block(SQ)$</a> or wait the bottom ? 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It is not easy if short seller already targeted it, just like $AMC Entertainment(AMC)$ unless the company is profitable and good prospect just like $Meta Platforms, Inc.(META)$ went down but finally now come up again 👍","highlighted":2,"essential":1,"paper":1,"likeSize":18,"commentSize":12,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9943701773","repostId":9943427860,"repostType":1,"repost":{"magic":2,"id":9943427860,"tweetId":"9943427860","gmtCreate":1679648762150,"gmtModify":1679649122921,"author":{"id":3501196737273098,"idStr":"3501196737273098","authorId":3501196737273098,"authorIdStr":"3501196737273098","name":"Tiger_comments","avatar":"https://community-static.tradeup.com/news/227887b200e9925968650d5db4a8bfb3","vip":4,"userType":4,"introduction":"Tiger Official Account","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.21","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":6872,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/13a3d6e223821979f0e6b9716ee21aa3","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/db6ed68f7305a0f6c21335b22937b2ca","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/5fba14381764e39f70bd2345ba48680a","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/7176818c5391835955d85a0039ff168b","width":"-1","height":"-1"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/13a3d6e223821979f0e6b9716ee21aa3","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/db6ed68f7305a0f6c21335b22937b2ca","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/7176818c5391835955d85a0039ff168b","width":"-1","height":"-1"}],"title":"SQ -18%: What Happened and How Will SQ Move?","extraTitle":"","html":"<html><head></head><body><a target=\"_blank\" href=\"https://ttm.financial/S/SQ\">$Block(SQ)$</a> fell 18% yesterday on short-seller report. Hindenburg Research released a report based on a two-year investigation, accusing Block of inflating user numbers.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/5fba14381764e39f70bd2345ba48680a\" tg-width=\"-1\" tg-height=\"-1\">Hindenburg&nbsp;claimed&nbsp;that<blockquote>Block has wildly overstated its genuine user counts and has understated its customer acquisition costs.</blockquote>However,&nbsp;Block said it was exploring legal action against the short-seller.<blockquote>Hindenburg's report was \"factually incorrect and misleading\" and \"designed to deceive and confuse investors.</blockquote><h2>Cash App&nbsp;Was Targeted: Will compliance issues affect the company's financials?</h2>Cash App is the most important driver of Block,&nbsp;which&nbsp;also&nbsp;been&nbsp;heavily&nbsp;criticized&nbsp;by&nbsp;Hindenburg&nbsp;for&nbsp;facilitating&nbsp;criminal&nbsp;activities.1. Cash App was used to steal billions from unemployment benefits during the pandemicDuring the pandemic, Block made it easy for people to accept stimulus checks and unemployment benefits from the Cash App, which helped drive a surge in its use.&nbsp;As of last December, the Cash App had more than 51 million monthly active users, more than double the pre-pandemic&nbsp;level.Block's popular Cash App may have facilitated scammers to take advantage of government stimulus programs during the pandmeic.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/7176818c5391835955d85a0039ff168b\" tg-width=\"-1\" tg-height=\"-1\">Source: Hindenburg's reportIn response to a request for public records, Massachusetts told the short-selling agency that the state seeks to recover more than 69,000 unemployment payments from the banks behind Cash App accounts.All&nbsp;in&nbsp;all,&nbsp;multiple failures in Cash App's compliance process help&nbsp;scammers&nbsp;steal billions of dollars from&nbsp;government payments.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/13a3d6e223821979f0e6b9716ee21aa3\" tg-width=\"-1\" tg-height=\"-1\">2. Fake accounts make&nbsp;Cash App facilitate criminal activityEven if a user is found to be engaged in fraud or other prohibited activity, <a target=\"_blank\" href=\"https://ttm.financial/S/SQ\">$Block(SQ)$</a> only&nbsp;blacklists the account without prohibiting the user from using it.Former Cash App employees interviewed by Hindenburg estimated that<blockquote>a large percentage of Cash App accounts were likely to be fake, fraudulent, or linked to a single individual.</blockquote><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/db6ed68f7305a0f6c21335b22937b2ca\" tg-width=\"-1\" tg-height=\"-1\">The fake accounts issue is closely related to the key points that Block overstated its genuine user countsCash App's compliance controls were another target of Hindenburg's attack. The short-seller cited court documents showing that law enforcement agencies said criminals used Cash App to move drug money or pay for sex traffickings.<h2>What will&nbsp;happen to Block's share after&nbsp;Hindenburg's&nbsp;report?</h2>For reference, Hindenburg has targeted about 30 companies since 2020, whose stocks fell an average of about 15%&nbsp;the day after the reports were issued and an average of 26% six months later.Hindenburg has also previously issued short-selling reports against electric truck maker <a target=\"_blank\" href=\"https://ttm.financial/S/NKLA\">$Nikola Corporation(NKLA)$</a> and Indian conglomerate Adani Group.&nbsp;Nikola's founder was later convicted of securities fraud.Hindenburg's short-selling report focused on Cash App's compliance issues, and it remains to be seen if this issue will affect Block's financials. <h2>Conclusion</h2>From the perspective of individuals, the loose compliance constraints facilitated criminal activities and the company needed to rectify them.But from an investor's perspective, Hindenburg's short-selling report puts too much emphasis on humanitarianism and might&nbsp;be&nbsp;groundless in&nbsp;terms&nbsp;of financials.Was Block&nbsp;oversold yesterday?How do you&nbsp;view this shorting report?Do you choose to short or bottom&nbsp;Block?</body></html>","htmlText":"<html><head></head><body><a target=\"_blank\" href=\"https://ttm.financial/S/SQ\">$Block(SQ)$</a> fell 18% yesterday on short-seller report. Hindenburg Research released a report based on a two-year investigation, accusing Block of inflating user numbers.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/5fba14381764e39f70bd2345ba48680a\" tg-width=\"-1\" tg-height=\"-1\">Hindenburg&nbsp;claimed&nbsp;that<blockquote>Block has wildly overstated its genuine user counts and has understated its customer acquisition costs.</blockquote>However,&nbsp;Block said it was exploring legal action against the short-seller.<blockquote>Hindenburg's report was \"factually incorrect and misleading\" and \"designed to deceive and confuse investors.</blockquote><h2>Cash App&nbsp;Was Targeted: Will compliance issues affect the company's financials?</h2>Cash App is the most important driver of Block,&nbsp;which&nbsp;also&nbsp;been&nbsp;heavily&nbsp;criticized&nbsp;by&nbsp;Hindenburg&nbsp;for&nbsp;facilitating&nbsp;criminal&nbsp;activities.1. Cash App was used to steal billions from unemployment benefits during the pandemicDuring the pandemic, Block made it easy for people to accept stimulus checks and unemployment benefits from the Cash App, which helped drive a surge in its use.&nbsp;As of last December, the Cash App had more than 51 million monthly active users, more than double the pre-pandemic&nbsp;level.Block's popular Cash App may have facilitated scammers to take advantage of government stimulus programs during the pandmeic.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/7176818c5391835955d85a0039ff168b\" tg-width=\"-1\" tg-height=\"-1\">Source: Hindenburg's reportIn response to a request for public records, Massachusetts told the short-selling agency that the state seeks to recover more than 69,000 unemployment payments from the banks behind Cash App accounts.All&nbsp;in&nbsp;all,&nbsp;multiple failures in Cash App's compliance process help&nbsp;scammers&nbsp;steal billions of dollars from&nbsp;government payments.<img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/13a3d6e223821979f0e6b9716ee21aa3\" tg-width=\"-1\" tg-height=\"-1\">2. Fake accounts make&nbsp;Cash App facilitate criminal activityEven if a user is found to be engaged in fraud or other prohibited activity, <a target=\"_blank\" href=\"https://ttm.financial/S/SQ\">$Block(SQ)$</a> only&nbsp;blacklists the account without prohibiting the user from using it.Former Cash App employees interviewed by Hindenburg estimated that<blockquote>a large percentage of Cash App accounts were likely to be fake, fraudulent, or linked to a single individual.</blockquote><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/db6ed68f7305a0f6c21335b22937b2ca\" tg-width=\"-1\" tg-height=\"-1\">The fake accounts issue is closely related to the key points that Block overstated its genuine user countsCash App's compliance controls were another target of Hindenburg's attack. The short-seller cited court documents showing that law enforcement agencies said criminals used Cash App to move drug money or pay for sex traffickings.<h2>What will&nbsp;happen to Block's share after&nbsp;Hindenburg's&nbsp;report?</h2>For reference, Hindenburg has targeted about 30 companies since 2020, whose stocks fell an average of about 15%&nbsp;the day after the reports were issued and an average of 26% six months later.Hindenburg has also previously issued short-selling reports against electric truck maker <a target=\"_blank\" href=\"https://ttm.financial/S/NKLA\">$Nikola Corporation(NKLA)$</a> and Indian conglomerate Adani Group.&nbsp;Nikola's founder was later convicted of securities fraud.Hindenburg's short-selling report focused on Cash App's compliance issues, and it remains to be seen if this issue will affect Block's financials. <h2>Conclusion</h2>From the perspective of individuals, the loose compliance constraints facilitated criminal activities and the company needed to rectify them.But from an investor's perspective, Hindenburg's short-selling report puts too much emphasis on humanitarianism and might&nbsp;be&nbsp;groundless in&nbsp;terms&nbsp;of financials.Was Block&nbsp;oversold yesterday?How do you&nbsp;view this shorting report?Do you choose to short or bottom&nbsp;Block?</body></html>","text":"$Block(SQ)$ fell 18% yesterday on short-seller report. Hindenburg Research released a report based on a two-year investigation, accusing Block of inflating user numbers. Hindenburg claimed that Block has wildly overstated its genuine user counts and has understated its customer acquisition costs. However, Block said it was exploring legal action against the short-seller. Hindenburg's report was \"factually incorrect and misleading\" and \"designed to deceive and confuse investors. Cash App Was Targeted: Will compliance issues affect the company's financials? Cash App is the most important driver of Block, which also been heavily criticized by Hindenburg for facilitating criminal activities. 1. Cash App was used to steal billions from unemployment benefits during the pandemic During the pandemic, Block made it easy for people to accept stimulus checks and unemployment benefits from the Cash App, which helped drive a surge in its use. As of last December, the Cash App had more than 51 million monthly active users, more than double the pre-pandemic level. Block's popular Cash App may have facilitated scammers to take advantage of government stimulus programs during the pandmeic. Source: Hindenburg's report In response to a request for public records, Massachusetts told the short-selling agency that the state seeks to recover more than 69,000 unemployment payments from the banks behind Cash App accounts. All in all, multiple failures in Cash App's compliance process help scammers steal billions of dollars from government payments. 2. Fake accounts make Cash App facilitate criminal activity Even if a user is found to be engaged in fraud or other prohibited activity, $Block(SQ)$ only blacklists the account without prohibiting the user from using it. Former Cash App employees interviewed by Hindenburg estimated that a large percentage of Cash App accounts were likely to be fake, fraudulent, or linked to a single individual. The fake accounts issue is closely related to the key points that Block overstated its genuine user counts Cash App's compliance controls were another target of Hindenburg's attack. The short-seller cited court documents showing that law enforcement agencies said criminals used Cash App to move drug money or pay for sex traffickings. What will happen to Block's share after Hindenburg's report? For reference, Hindenburg has targeted about 30 companies since 2020, whose stocks fell an average of about 15% the day after the reports were issued and an average of 26% six months later. Hindenburg has also previously issued short-selling reports against electric truck maker $Nikola Corporation(NKLA)$ and Indian conglomerate Adani Group. Nikola's founder was later convicted of securities fraud. Hindenburg's short-selling report focused on Cash App's compliance issues, and it remains to be seen if this issue will affect Block's financials. Conclusion From the perspective of individuals, the loose compliance constraints facilitated criminal activities and the company needed to rectify them. But from an investor's perspective, Hindenburg's short-selling report puts too much emphasis on humanitarianism and might be groundless in terms of financials. Was Block oversold yesterday? How do you view this shorting report? 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