Jack Dorsey’s wealth tumbles $526 mn after Hindenburg accuses Block of fraud, misleading investors1 min read 24 Mar 2023, 05:37 AM IST
Block offers payment and mobile banking services for merchants and consumers.
After Hindenburg's latest report on Jack Dorsey's Block Inc, net worth of the co-founder was hammered. The report alleged that the payments company ignored widespread fraud. According to the Bloomberg Billionaires Index, Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May. He’s now worth $4.4 billion after the 11 percent drop.
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