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Shares of Jack Dorsey s Block Tumble As Short Seller Alleges Fraud

Shares of mobile payments company Block fell Thursday morning after the short seller Hindenburg Research accused the firm of fraud and overstating user traffic.

Jack Dorsey s Block accused of fraud by notorious short-seller Hindenburg Research

The short-selling firm that rocked Gautam Adani’s empire earlier this year has now taken aim at Afterpay’s owner Block with a scathing report.

Jack Dorsey s Block accused of fraud by notorious short-seller Hindenburg Research

ASX-listed shares of Afterpay-owner Block plunged more than 20 per cent on Friday after a report from short seller Hindenburg Research alleged the fintech facilitated fraudsters and other criminal activity.

Jack Dorsey s Block accused of fraud by notorious short-seller Hindenburg Research

ASX-listed shares of Afterpay-owner Block plunged more than 20 per cent on Friday after a report from short seller Hindenburg Research alleged the fintech facilitated fraudsters and other criminal activity.

Jack Dorsey s Block accused of fraud by notorious short-seller Hindenburg Research

ASX-listed shares of Afterpay-owner Block plunged more than 20 per cent on Friday after a report from short seller Hindenburg Research alleged the fintech facilitated fraudsters and other criminal activity.

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