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Shares of Jack Dorsey’s Block Fall on Short-Seller Report

 wsj 3 min read The Wall Street Journal 24 Mar 2023, 02:53 AM IST

Hindenburg Research released a report based on a two-year investigation, accusing Block of inflating user numbers

Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter's algorithms and content monitoring on Capitol Hill in Washington, U.S., September 5, 2018. REUTERS/Chris WattiePremium
Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter's algorithms and content monitoring on Capitol Hill in Washington, U.S., September 5, 2018. REUTERS/Chris Wattie

Shares of the payments company formerly known as Square fell about 15% on Thursday after a short seller questioned the company’s user numbers and accused it of predatory tactics.

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