Hindenburg

According to reports, ARK Investment Management Company, a subsidiary of “Sister Wood” Cathie Wood, recently received a double whammy due to Hindenburg’s short selling report on Block and the threat of actions taken by the SEC against Coinbase, as both companies are her main shareholding targets. Block and Coinbase have always been Wood’s favorites. According to ARK’s innovative ETF related position data, Coinbase’s position ratio is 7.5%, while Block’s position ratio is 6.2%. Interpretation of this information: The recent events involving Hindenburg’s short selling report on Block and the SEC’s…

According to reports, Block fell more than 12% in the previous session, after Hindenburg released a report shorting Block Company, which showed that Block seriously overstated the number of real users and underestimated its customer acquisition costs. (Jin Shi) Interpretation of this information: The message is reporting the significant drop of Block’s stock value by more than 12% following the release of a report by Hindenburg, a research firm that specializes in short-selling. The report stated that Block had exaggerated the number of actual users of the platform while downplaying…