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Dorsey's Block hypes mundane revenue sources, did same with Afterpay: Hindenburg
Twitter Co-founder Jack Dorsey's Block "regularly hypes...mundane or predatory sources of revenue as technological breakthroughs", according to Hindenburg Research's report. Block's $29-billion acquisition of Afterpay is "flopping" and the 'buy now, pay later' service lost $357 million in 2022, the year it was acquired by Block, the report said. Afterpay reported losses of $184 million in 2021.
tap for more at Hindenburg Research / 1 years ago
'Its delayed payments were at 4.1% in Mar 2022'
They were up from 1.7% in June 2021: Hindenburg
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