After a report on Adani Group, now American short seller firm Hindenburg Research has made various serious allegations against former Twitter CEO Jack Dorsey’s technology firm Block Inc in a new report.
According to Hindenburg, Jack Dorsey-led Block Inc. fraudulently uplifted the number of its users. At the same time, it reduced its customer acquisition cost.
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On February 24 2023, Hindenburg published a report in which it levelled many serious allegations against the Adani group. As Per its report, the Adani group manipulated the shares price through shell companies.
After the Hindenburg report, the shares of the Adani group’s companies crashed sharply which resulted in a big decline in the personal wealth of Gautam Adani.
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