Hasnain Khan

Hindenburg report: Dorsey poorer by $526m in stock rout

Hindenburg report: Dorsey poorer by $526m in stock rout. On February 25, 2021, a financial research company named Hindenburg Research published a report accusing payment processing company, Square Inc., of being a "junk financial" company. The report sent Square's share prices plunging, causing a $526 million loss for the company's CEO, Jack Dorsey.