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