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Hindenburg Research, in a report on payments group Block, alleged Block's stock soared on back of its "facilitation of fraud" during the pandemic. It claimed Block Co-founders Jack Dorsey and James McKelvey collectively sold over $1 billion of stock during pandemic. Block reported pandemic surge in user counts and revenue, ignoring contribution of widespread fraudulent payments, the report said.
short by Anmol Sharma / 07:49 pm on 23 Mar
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