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Cash App is Lying to Investors and Abetting Crime, Short Seller Says

A short-seller attacks the Block. Fresh off its nation-rattling takedown of India's most powerful corporation, Hindenburg Research released a. ....

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Afterpay-owner Block targeted in Hindenburg short-seller report which alleges it facilitated criminal

The short sellers allege Cash App has facilitated fraud, sex trafficking and drug dealing, overinflates user numbers, and is overcharging retailers for Square. ....

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Jack Dorsey's Block vows legal action on Hindenburg's 'misleading' report

In its investigation, Hindenburg alleged it found that Jack Dorsey’s Block wildly popular Cash App was likely facilitating scammers taking advantage of government-stimulus programs during the pandemic ....

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Hindenburg takes aim at Dorsey's payments firm Block, shares plunge

Hindenburg Research on Thursday (March 23) disclosed short positions in Block Inc and alleged that the payments firm led by Twitter co-founder Jack Dorsey overstated its user numbers and understated its customer acquisition costs. Block vowed to fight back, saying it would explore legal action against the short seller for its "factually inaccurate and misleading report" that was "designed to. ....

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Jack Dorsey's fortune plunges $562M as short-seller accuses Block of fraud

Hindenburg Research on Thursday disclosed its short position in Block and released findings from a two-year investigation, alleging the company misled investors on key metrics . ....

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