Jack Dorsey’s Wealth Tumbles USD 526 Million After Hindenburg Report Takes Aim At His Payments Firm Block, Says It Overstated User Numbers
After the report came out, Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May.
Hindenburg Research has taken aim at Jack Dorsey's payments company Block, releasing a report accusing the firm of misleading investors and embracing a criminal user base. The report alleged that the payments company ignored widespread fraud. After the report came out, Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May. He’s now worth $4.4 billion after the 11 percent drop. Hindenburg Research Says Another Big Report Coming Soon After Triggering Massive Sell-Off in Adani Group Shares.
Jack Dorsey Fortune Plunges
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