Block shares extend losses as Hindenburg report weighs

reuters.com [1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo March 24…

Report claims 'criminal activity and fraud run rampant' on Cash App

cnbc.com A new report from Hindenburg Research, a short seller investment firm, released Thursday has accused Block — the company formerly known as Square, founded by Jack Dorsey —…

5 analyst cuts of the day: Block slashed after Hindenburg accusations

investing.com Investing.com -- Here is your daily Pro Recap of the biggest analyst cuts you may have missed on InvestingPro since yesterday. Start your free 7-day trial to get this news…

Cathie Wood Doubles Down on a Disruptive Investment

thestreet.com Wood is buying a lot of market losers this week. Cathie Wood isn't one to sit by and let a sale go to waste. The Ark Invest investing guru is shuffling her holding in order…

Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more

cnbc.com Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Check…

Jack Dorsey’s worth plummets $526M after Hindenburg takedown of Block

nypost.com Twitter co-founder Jack Dorsey has seen his net worth plummet by more than half a billion dollars after short seller Hindenburg Research accused his mobile payments company…

Wall Street Breakfast: TikTok Goes The Clock

seekingalpha.com The U.S. government's moves against TikTok - the runaway-success short-form video social app owned by China's ByteDance (BDNCE) - have entered a new phase after a House…

US stocks slide as traders deal with fresh banking woes and digest outlook for rates

businessinsider.com Stock market traders on the floor of the New York Stock Exchange. Xinhua News Agency/Getty Images US stocks fell as traders remain wary of banking sector woes and assess the…

Jim Cramer's top 10 things to watch in the stock market Friday: Bank mess, stocks slide, Activision deal

cnbc.com My top 10 things to watch Friday, March 24 1. The Dow , the S & P 500 and the Nasdaq are set to open sharply lower Friday after a slide in Deutsche Bank (DB) shares raises…

Wedbush says it's 'not seeing anything illegal' with Block even as short-seller Hindenburg alleges the payment firm misled investors

businessinsider.com Hindenburg Research website displayed on a laptop screen. Jakub Porzycki/NurPhoto/Getty Images Wedbush Securities investment firm said it's not seeing anything illegal with…

Stock market today: Stock futures fall as further bank-related fears percolate

yahoo.com U.S. stock futures fell Friday morning as markets cap off a bumpy week following the Federal Reserve's interest rate decision on Wednesday and further pressure in the…

Before the Bell: Tech Megacaps Again Save the Day, Banks Stumble, and Jack Dorsey Gets Shorted

247wallst.com Premarket action on Friday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.90%, the S&P 500 down 0.72% and the Nasdaq 0.38% lower. Nine…

Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more

cnbc.com A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York. Check out the companies making headlines in premarket trading. Deutsche Bank — The…

Things are pretty grim in real estate, but that could be a good thing for proptech startups in the long run

businessinsider.com Happy Friday! Dan DeFrancesco in NYC, and I'm feeling inspired after watching this video of a bouncer disarming a devil-masked gunman trying to force his way into a Tampa…

Americans are going all-in on cash. That could spell more trouble

cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

Cathie Wood’s ARK funds snap up Block after short-seller report

marketwatch.com Cathie Wood’s family of funds wasted no time pouncing on weakness in shares of Block after a short-seller report. Three of Wood’s funds, including the flagship ARK…

Wall Street reacts to Hindenburg's report on Block: 'We find it highly unlikely'

yahoo.com is still being put in a square penalty box by Hindenburg Research. Block stock fell another 4% in pre-market trading on Friday, after falling 15% on Thursday, as Wall Street…

US Stocks On Track For Weak Start Friday Amid Renewed Banking Concerns And Contagion Fears

benzinga.com Renewed concerns about the banking system appear to weigh on stocks, as the major index futures point to a sharply lower opening on Friday. Contagion fears have continued to…

Banks wobble again, Hindenburg hits Block, Eurozone PMIs

investing.com Investing.com -- Banks are in the spotlight again, with Europe leading the way down after a mystery spike in Federal Reserve lending to other central banks. Payments company…

Block Inc Shares Plunge 14% after Hindenburg Research’s Damning Expose

coinspeaker.com Coinspeaker Block Inc Shares Plunge 14% after Hindenburg Research’s Damning Expose American multinational financial technology giant Block Inc (NYSE: SQ) is currently under…

Stocks Slump, Fed Borrowing, Deutsche Bank Tumbles, Block Hits Back, Do Kwon Indictment

thestreet.com Stock futures slump as bank crisis spreads into Europe; Banks borrow $164 billion from Fed amid acute funding stress; Deutsche Bank shares tumble as default risk spikes amid…

Jack Dorsey’s Net Worth Drops $526 Million Following Hindenburg’s Block Criticism

watcher.guru Hindenburg recently released a report analyzing how inflated user metrics and “frictionless” fraud facilitation enabled Block insiders to cash out over $1 billion. The…

Twitter founder Jack Dorsey's net worth dropped by more than $500 million after US short seller Hindenburg targeted his payments company Block

businessinsider.com Jack Dorsey's Block payments firm is the latest company to be targeted by Hindenburg Research. Marco Bello/Getty Images Jack Dorsey's wealth tumbled after Hindenburg…

Jack Dorsey’s wealth tumbles $526 million after Hindenburg short

indiatimes.com Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Dorsey’s…

Cathie Wood Buys Block Shares During Hindenburg-Fueled Plunge

yahoo.com Cathie Wood snapped up more of Block Inc. shares as the payment firm became short seller Hindenburg Research’s latest target on allegations of facilitating fraudsters. •…

Block shares plunge 15% after short seller Hindenburg says Jack Dorsey’s company facilitates fraud

cnbc.com Shares of Jack Dorsey's Block plunged nearly 15% by Thursday's close after short seller Hindenburg Research announced that the payment company was its latest short position,…

Jack Dorsey's Wealth Erodes By $526M After Hindenburg Report

benzinga.com Block Inc SQ CEO Jack Dorsey’s wealth eroded by $526 million on Thursday after short-seller Hindenburg Research published a bearish report on the company. What Happened:…

Jack Dorsey Loses $526 Million Net Worth Hours After Hindenburg Report

ndtv.com Block Inc. co-founder Jack Dorsey's net worth was hammered after Hindenburg Research's latest report, which alleged the payments company ignored widespread fraud. Dorsey's…

Hindenburg Research Blasts Jack Dorsey’s Block, Alleges It Facilitated Fraud and Inflated User Metrics

bitcoin.com Hindenburg Research, a financial research firm, has issued a report claiming that Jack Dorsey’s Block, formerly known as Square, has facilitated fraud for criminals,…

Payments firm Block's Australian shares slump after Hindenburg report

investing.com Australia-listed shares of Block Inc, led by Twitter co-founder Jack Dorsey, plunged as much as 20% on Friday after Hindenburg Research alleged the payments firm overstated…

Bitcoin, Ethereum, Dogecoin Rise As Equities Face Banking Anxiety Again

benzinga.com Major coins were seen in the green on Thursday evening as the global cryptocurrency market cap rose 3.2% to $1.2 trillion at the time of writing. See Also: How To Start Your…

Cathie Wood Shrugs Off Hindenburg Attack On Jack Dorsey's Block With $21M Stock Buy

benzinga.com Cathie Wood-led ARK Investment Management defied a short-selling report by Hindenburg Research on Jack Dorsey's payment firm Block Inc SQ and loaded up over 338,000 shares…

Jack Dorsey's fintech company Block is being accused of facilitating criminal activity

qz.com Hindenburg Research announced that Block—the wide-ranging fintech company founded by former Twitter CEO Jack Dorsey—was its latest short position, after accusing the company…

Let’s Talk About Jack Dorsey

theinformation.com Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short…

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

thedailyupside.com Fresh off its nation-rattling takedown of India’s most powerful corporation, Hindenburg Research released a damning report Thursday alleging that the Jack Dorsey-led tech…

Jack Dorsey business target of Hindenburg report

bbc.co.uk The report came from short-seller Hindenburg Research, which is known for taking on high-profile targets such as Indian tycoon Gautam Adani. Block, which former Twitter boss…

Short seller Hindenburg releases report alleging fraud within Block’s Cash App

morningbrew.com Hindenburg Research sank its teeth into its next victim: Block, a fintech giant led by former Twitter CEO Jack Dorsey. The short seller, known for digging up corporate dirt,…

Short Seller Hindenburg Targets Block, Jack Dorsey’s Fintech Company

observer.com Block, the digital banking and payment company led by Jack Dorsey, is the latest target of Hindenburg Research, the short seller that brought down Indian billionaire Gautam…

Short seller accuses Jack Dorsey's Block of facilitating fraud

foxbusiness.com Hindenburg Research is accusing financial services and mobile payments company Block Inc., led by Twitter co-founder Jack Dorsey, of systematically taking advantage of the…

Block stock falls 15% amid short seller accusations of 'inflated metrics' and avoiding regulation

yahoo.com Block's (SQ) stock closed 15% lower on Thursday after short seller Hindenburg Research levied accusations of fraud against the digital payment company formerly known as…

Stocks hold onto gains during volatile post-Fed session

yahoo.com Stocks finished Thursday's trading session higher during a volatile session that followed the Federal Reserve's signal on Wednesday that the central bank's rate hiking…

Short seller accuses Jack Dorsey's Block of fraud

cbsnews.com Hindenburg Research is taking aim at Jack Dorsey's Block, formerly known as Square, alleging that what the influential short seller called the payments company's "magical"…

Short-seller Hindenburg targets Jack Dorsey's Block

cnn.com Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from short-seller Hindenburg Research that accused Jack…

A prominent short-seller just released a bombshell report on payments darling Block. Here are the 4 biggest claims

businessinsider.com Rafael Henrique/SOPA Images/LightRocket via Getty Images Hindenburg Research on Thursday released a scathing report about Block, saying it inflated metrics. In response, the…

Block shares down as Hindenburg takes aim at the crypto company

coinjournal.net Hindenburg Research reveals a short position in Block Inc. Block says it’s exploring legal action against the short seller. Wall Street has a consensus overweight rating on…

Block Claps Back At Short Seller Who Is Targeting Jack Dorsey, Adani: 'Factually Inaccurate And Misleading'

benzinga.com Jack Dorsey’s fintech company Block Inc SQ is responding to a Thursday short report issued by Hindenburg Research that accuses Block of misleading investors and taking…

Block Vows To Fight ‘Factually Inaccurate’ Claims From Short-Seller Hindenburg

forbes.com Block threatened to take legal action Thursday against Hindenburg Research, the firm that issued a scathing report alleging a web of fraud at the financial technology giant…

Two of Cathie Wood's Biggest Bets Take a Nosedive

thestreet.com Recovery could be a long road for the investment firm. It's been a rough few days for Ark Investment Management (ADNPX) CEO Cathie Wood. Tuesday, March 21 began with the…

Stocks rally after Fed signals rate hikes near end: Stock market news today

yahoo.com Stocks were higher Thursday afternoon though off their best levels of the day as the Federal Reserve's signal on Wednesday signaled its rate hiking campaign may be nearing…

Analysis

washingtonpost.com If you buy low and sell high, chances are you’ll be richer and everybody will be happy. Sell low after borrowing high — what’s known as short selling — and you may be rich,…

Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud

nytimes.com Hindenburg Research, the small investment firm whose critical investigative reports pummeled shares in an Indian industrial conglomerate and an electric-vehicle start-up,…