Choose a language
Shortpedia Categories
Company
Download App




Jack Dorsey’s wealth tumbles USD 526 Million after Hindenburg report takes aim at his payments firm block, says it overstated user numbers

Shortpedia
Content Team
Image Credit: twitter

Hindenburg Research has taken aim at Jack Dorsey's payments company Block, releasing a report accusing the firm of misleading investors and embracing a criminal user base. The report alleged that the payments company ignored widespread fraud. After the report came out, 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.


SMART CONTENT APP Hand picked content everyday

Shortpedia is a short news app which provide latest news in 70 words in Hindi or English Language. Read Breaking News on our Mobile App which is available on Google Play Store & Apple App Store.

Download App


Copyright © 2019 ShortPedia. All Rights Reserved.