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Hidenburgh seems to have directly accused Block. Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block
by achow 4y ago
Hidenburgh seems to have directly accused Block.
Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.
https://hindenburgresearch.com/block/ https://hindenburgresearch.com/block/
- noodles_nomore 4y agofacilitate: 1. To make easy or easier. From French faciliter, from Latin facilis ("easy").
- Closi 4y agoFacilitating fraud != committing fraud Most banks and payment platforms will facilitate fraud to some extent, but it’s their duty to reduce this with compliance procedures.
- deleted 4y ago[deleted]
- blitzar 4y ago> dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics dress up blood testing as revolutionary technology, and mislead investors with inflated metrics - someone went to jail for fraud for that recently