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submitted 10 months ago by corbin@infosec.pub to c/technology@lemmy.world
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[-] ItsMeSpez@lemmy.world 63 points 10 months ago

Hindenburg is an investment firm that researches publicly-traded companies and shorts their stocks if they find sufficient evidence of investor fraud before releasing its report.

What a wild business plan. I'm amazed it's legal.

[-] PilferJynx@lemmy.world 37 points 10 months ago

It's kinda scummy to manipulate the market as such, but it's much more scummy to partake in the fraud.

[-] DScratch@sh.itjust.works 31 points 10 months ago

They're like the anti-hero of this story.

[-] StraySojourner@lemmy.world 7 points 10 months ago

Hilarious name too, honestly.

The Crash n' Burn Bois

[-] deegeese@sopuli.xyz 5 points 10 months ago

Short sellers provide benefit to society by finding and shaming doomed businesses so they fail faster and don’t suck up as many resources.

They also have a proud history of uncovering outright fraud.

In business, the people complaining loudest about short sellers are emperors with no clothes.

this post was submitted on 24 Jan 2024
1063 points (100.0% liked)

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