Research Company Announces Jack Dorsey’s Company Block, Facilitates Fraud

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Research Company Hindenburg claims in its new report that Block, the payment company (of Square, Cash App and more) run by Jack Dorsey, lied about its metrics and showed false numbers to mislead investors. 


The short-selling firm also claimed that its two-year-long investigation confirmed Block Inc taking “advantage of the demographics it claims to be helping.” 



They even showed they apparently made accounts as Elon Musk and received a Cash Card in the name of Donald J Trump! 







You can read more about the story from Hindenburg at: 


Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion

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