Hindenburg report knocks off $526 million from Jack Dorsey’s wealth
Jack Dorsey’s wealth tumbles $526 million after Hindenburg short
International Business News: 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% drop, accordin
Jack Dorsey Loses $526 Million Net Worth Hours After Hindenburg Report
Block Inc. co-founder Jack Dorsey's net worth was hammered after Hindenburg Research's latest report, which alleged the payments company ignored widespread fraud. 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% drop, according to the Bloomberg Billionaires Index. Hindenburg released a report Thursday claiming Block had inflated user metrics, and that the stoc…
Stung by Hindenburg, here's what Jack Dorsey's Block plans to do
Hidenburg Research, who came in limelight in India after accusing Adani Group of financial fraud, on Thursday released a fresh report charging Jack Dorsey's Block with "widely overstating" the number of users on its platform. Here, we show an update on what has transpired till now in the case.