Hindenburg report knocks off $526 million from Jack Dorsey’s wealth

Summary by Ground News

Jack Dorsey is worth $4.4 billion after taking an 11% hit on his net worth. Short-seller Hindenburg Research published a bearish report on the company. Block shares closed 14.8% lower at $61.89 in the regular session and declined another 0.6% in the after-hours trading.

Published 3 months ago

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Times of India

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

3 months ago·Mumbai, India

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BBC News

Jack Dorsey business target of Hindenburg report

Jack Dorsey's Block sees shares drop after famed short-seller Hindenburg levels claims.

3 months ago·United Kingdom

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News18 India

Hindenburg Report Fallout: Block's Jack Dorsey Sees $526 Million Decline in His Net Worth

The $526 million decline is Jack Dorsey's fortune is the biggest single-day fall since May 2022

3 months ago·India

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NDTV

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…

3 months ago·New Delhi, India

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Hindustan Times

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.

3 months ago·New Delhi, India

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