BRIEF-Hindenburg Research Says We Are Short Shares Of Block Inc

BRIEF-Hindenburg Research Says We Are Short Shares Of Block Inc

* HINDENBURG RESEARCH POSTS REPORT ON BLOCK INC

* HINDENBURG RESEARCH SAYS WE ARE SHORT SHARES OF BLOCK INC * HINDENBURG RESEARCH SAYS "OUR RESEARCH INDICATES THAT BLOCK HAS WILDLY OVERSTATED GENUINE USER COUNTS AND UNDERSTATED ITS CUSTOMER ACQUISITION COSTS"

* HINDENBURG RESEARCH SAYS MULTIPLE KEY LAPSES IN BLOCK'S CASH APP'S "COMPLIANCE PROCESSES FACILITATED BILLIONS IN GOVERNMENT PAYMENT FRAUD" Source text - http://bit.ly/3TAZV6i Further company coverage:

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