Short sale Hindenburg Research is closing up shop.
Hindenburg Research, a short-selling firm, rose to national prominence. Popularity that revealed the fraud on EV startup Nicola (NKLA), said on Wednesday that he would resign.
“As I’ve shared with family, friends and our team since late last year, I’ve decided to break up Hindenburg Research,” said founder Nate Anderson. He wrote in an article posted on Wednesday. “The plan was to grow after we finished the line of thought we were working on. And like the last Ponzi cases we are now finishing and sharing with the regulators, that day is today.”
In the year In 2024, Hindenburg exposed what it said were accounting flaws in the Data Center Super Microcomputer (SMCI), which forced it to delay some accounting statements.
Hindenburg 2023 report on Indian conglomerate Adani And Icahn Enterprises Both saw the company take on two of the world’s most powerful investors.
Hindenburg’s Big Report It broke in 2020, when the company revealed failures at its EV truck startup Nikola, including the company’s embarrassing downgrade of its electric semi-truck.
Nicola’s founder and CEO Trevor Milton was sentenced to four years in prison after being found guilty of misleading investors.
In the year Hindenburg said in 2019 Online orthodontics startup SmileDirectClub It was “recklessly cutting corners in the field of specialty medicine, putting the safety of customers at risk.” The company is out of business at the end of 2023.
Hindenburg’s first report was published in
“My hope is that after we fully share our process, in a couple of years, I’ll get an unsolicited message from someone reading this (probably you), who feels the same way, learns the craft, and feels confident enough to shine a little light. Despite the obstacles in your path, on a topic that needs to be addressed,” Anderson said. He wrote.
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