Block slides 20% after short-seller Hindenburg says 2-year investigation indicates the company has 'wildly overstated' genuine user counts

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Jack Dorsey speaking at a crypto-currency event
Block CEO Jack Dorsey.

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The short seller who took on Adani and caused a $150 billion rout in the conglomerate's stock is releasing a new report — but it's not saying who's the next target yet

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Hindenburg Research website displayed on a laptop screen.
The short seller who took on Adani is releasing a new report — but it's not saying who's the next target yet.

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The short seller who took on Adani and caused a $150 billion rout in the conglomerate's stock is releasing a new report — but it's not saying who's the next target yet

Tech Insider
Hindenburg Research website displayed on a laptop screen.
The short seller who took on Adani is releasing a new report — but it's not saying who's the next target yet.

Jakub Porzycki/NurPhoto/Getty Images

Billionaire Gautam Adani, one of the world's richest people, has seen his net worth fall over $80 billion this year alone

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Gautam Adani
Gautam Adani's fortunes have been sinking since the Hindenburg Research report in January.

Photo credit should read SAM PANTHAKY/AFP via Getty Images

Beaten-up Adani stocks have now fallen below $100 billion in market value after coming under short-seller attack

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Gautam Adani
Gautam Adani.

Photo credit should read SAM PANTHAKY/AFP via Getty Images

Adani reportedly abandons plans for an $850 million coal plant buyout, as the conglomerate still reels from a stock-market rout sparked by Hindenburg

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Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.

Indranil Mukherjee/Getty Images

A biotech company that once claimed to have a 'cure' for COVID-19 just filed for bankruptcy, sending shares plunging 61%

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Sorrento Therapeutics
Employees working in a lab that is focused on fighting COVID-19 at Sorrento Therapeutics in San Diego, California on May 22, 2020.

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Adani says it will repay over $1 billion in debt ahead of schedule in a bid to halt stock-market rout

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Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
A painting of Indian businessman Gautam Adani.

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The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

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An activist of the youth wing of India's main opposition Congress party holds a placard featuring Gautam Adani, chairman of Adani Group, during a protest against what they say are investments by Life Insurance Corporation (LIC) and State Bank of India (SBI) in Adani Group, in New Delhi, India, February 6, 2023.
Gautam Adani's business empire has been under pressure ever since US short seller Hindenburg Research leveled allegations of alleged market m

India's stock regulator tried to calm jittery investors fleeing the stock market — but even that's not helped Gautam Adani, whose companies' shares continue to take a beating

Tech Insider
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
Indian tycoon Gautam Adani's business empire has been targeted by a short seller.

Indranil Mukherjee/Getty Images

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