Block, the company formerly known as Square, creator of Cash App, and founded by Jack Dorsey, is having a really bad week. And it’s all because of Hindenburg.
Block, the company formerly known as Square, creator of Cash App, and founded by Jack Dorsey, is having a really bad week.No, not the airship known for its spectacular crash 86 years ago, but the research firm which embraced that name to shine a light on “totally man-made, totally avoidable” disasters.
The roughly 16,000-word report is titled “Block: How inflated user metrics and Frictionless Fraud Facilitation Enabled Insiders to Cash Out Over $1 Billion.” Ex // Top Stories The bullet-riddled romance of Tessie Wall and Frank Daroux The city’s most famous — and beloved — madam was a true daughter of San Francisco
In its statement, Block said it plans “to work with the SEC and explore legal action against Hindenburg Research.”
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