Fintech payments company Block (SQ) is down 17% after being the subject of the latest attack from notable short seller Hindenburg Research."Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping," said Hindenburg. "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."
#information #development #cryptocurrencies #compensation #digital-assets #personal-information #demographics #privacy-policy
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