{"id":84265,"date":"2023-03-24T00:45:14","date_gmt":"2023-03-24T04:45:14","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84265"},"modified":"2023-03-24T00:18:18","modified_gmt":"2023-03-24T04:18:18","slug":"block-shares-plunge-15-after-short-seller-hindenburg-says-jack-dorseys-company-facilitates-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2023\/block-shares-plunge-15-after-short-seller-hindenburg-says-jack-dorseys-company-facilitates-fraud.html","title":{"rendered":"Block shares plunge 15% after short seller Hindenburg says Jack Dorsey\u2019s company facilitates fraud"},"content":{"rendered":"\n<p>(CNBC) Shares of <a href=\"https:\/\/www.cnbc.com\/jack-dorsey\/\">Jack Dorsey<\/a>\u2019s <a href=\"https:\/\/www.cnbc.com\/quotes\/SQ\/\">Block<\/a> plunged nearly 15% by Thursday\u2019s close after short seller Hindenburg Research announced that the payment company was its latest short position, alleging that Block allowed criminal activity to operate with lax controls and \u201chighly\u201d inflates Cash App\u2019s transacting user base, a key metric of performance. Hindenburg described Block\u2019s internal systems as a \u201d\u2018Wild West\u2019 approach to compliance.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/03\/23\/block-shares-plunge-after-hindenburg-says-jack-dorseys.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares of Jack Dorsey\u2019s Block plunged nearly 15% by Thursday\u2019s close after short seller Hindenburg Research announced that the payment company was its latest short position, alleging that Block allowed criminal activity to operate with lax controls and \u201chighly\u201d [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84265","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84265"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84265\/revisions"}],"predecessor-version":[{"id":84266,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84265\/revisions\/84266"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}