Hindenburg another new victim : Jack Dorsey’s Block of $1 billion fraud, misled investors

The block fell 20% to $58.35 in US premarket trading at 8:53 a.m. in New York.

Hindenburg published its report after a two-year investigation, the firm run by Nathan Anderson said in a report published on its website and distributed via Twitter.

Hindenburg published its report after a two-year investigation, the firm run by Nathan Anderson said in a report published on its website and distributed via Twitter.

Shares of Block Inc fell after Hindenburg Research said it is betting on a fall in the stock, saying the Jack Dorsey-led payments company misled investors.

The block fell 20% to $58.35 in US premarket trading at 8:53 a.m. in New York. The Block did not immediately respond to an email request for comment from Bloomberg News before regular business hours.

Hindenburg published its report after a two-year investigation, the firm run by Nathan Anderson said in a report published on its website and distributed via Twitter. Dorsey, chairman of the Block, was a co-founder of Twitter.