Tag: Hindenburg

Carl Icahn Net Worth: Wealth Falls $10B on Hindenburg Short-Seller Report – Bloomberg

Corporate activist Carl Icahn’s fortune tumbled more than $10 billion Tuesday after short-seller Hindenburg Research accused him of using a “ponzi-like” economic structure at his investment company. Icahn Enterprises L.P., his publicly traded limited partnership that operates as a holding company, fell by 20% — the most on record — erasing $3.1 billion from his fortune. Hindenburg also detailed the…

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Icahn calls Hindenburg short-seller report self-serving, as market value of his company’s stock plunges by $4 billion – MarketWatch

Icahn Enterprises LP shares ended 20% lower Tuesday, notching their worst one-day decline on record, after short seller Hindenburg Research issued a negative report against the investment arm of activist investor Carl Icahn. The stock’s previous one-day record decline was a loss of 19.5% on Nov. 20, 2008. The market-cap loss today is about $4 billion. Tuesday’s close was also…

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Block Stock Drops on Hindenburg Short Report It Vows to Fight – Bloomberg

Block, formerly known as Square Inc., intends to work with the Securities and Exchange Commission “and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today,” the company said in a statement. “We have reviewed the full report in the context of our own data and believe it’s designed…

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