 
                  
Hindenburg Research accuses Jack Dorsey’s Block Inc for facilitating fraud
Block Inc. shares dropped by 20% after the report was released.
Stay updated with the latest news and articles about Jack Dorsey.
 
                  
Block Inc. shares dropped by 20% after the report was released.
 
                  
Shares of Block Inc fell 20% on Thursday evening after short seller Hindenburg in its report alleged Jack Dorsey’s company for fraudulent practices. The research firm also disclosed that it holds short positions in the company.
 
                  
Jack Dorsey, a co-founder of Twitter and a former CEO, has re-entered the social media fray with the release of Bluesky, a Twitter competitor that is now in the testing stage on the Apple App Store.
 
                  
In a blog post, Jack Dorsey stated that Twitter eventually had too much liberty to make content decisions under his supervision.
 
                  
Dorsey’s comment prompted a series of relies from Elon Musk with occasional responses from the Twitter CEO. And at one point, Dorsey also tagged Pete Schiff, the CEO and Chief Global Strategist of Euro Pacific Capital Inc, to join the conversation.
 
                  
 
                  
Showing 15 of 291,571 articles
