4 ms·
> I've gone through it fully, not just the tl;dr. It's not overblown. They're not saying Block is doing anything illegal, only Block is valued much too highly.
by baryphonic 4y ago
> I've gone through it fully, not just the tl;dr. It's not overblown. They're not saying Block is doing anything illegal, only Block is valued much too highly.
Hindenberg is accusing Block of committing fraud. That's an allegation of criminal activity.
Block may be overvalued. I probably wouldn't buy it, and have my own beef with how Block operates.
- ctvo 4y ago> Hindenberg is accusing Block of committing fraud. I don't think so unless I missed a big accusation? They're accusing Block of enabling fraud, and when Block can no longer enable fraud -- say due to higher regulatory oversight -- it'll lose much of its appeal and customer base, which has already dropped significantly post pandemic.