Fresh from losing Twitter to Elon Musk, who has dismantled and restructured the company in the interest of free speech, Jack Dorsey has another company suffering allegations of misconduct. The watchdog short-seller Hindenburg Research has taken aim at Dorsey’s company Block.
Far from being an unbiased watchdog, Hindenburg profits from taking large short positions in the companies it issues reports on, betting that their shares will plunge as markets digest the allegations in its research. Hindenburg’s research has previously led to criminal c …