In a report published on its website, Hindenburg accused Jack Dorsey of fraud and misleading investors, which caused the stock to nosedive nearly 20%.
Shares of Block Inc. slumped after Hindenburg Research said it’s betting on a decline in the stock, saying the payments company led by Jack Dorsey has misled investors.
Block declined 20% to $58.35 at 8:53 a.m. in New York in US premarket trading. Block didn’t immediately reply to an email request for comment from Bloomberg News before regu...
