Jack Dorsey Loses $526 Million Net Worth Hours After Hindenburg Report
Friday, 24 March 2023Newsdesk
Hindenburg released a report Thursday claiming Block had inflated user metrics, and that the stock has downside of 65% to 75%.
New Delhi 24 March 2023
As per news report of NDTV, Block Inc. co-founder Jack Dorsey's net worth was hammered after Hindenburg Research's latest report, which alleged the payments company ignored widespread fraud. 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% drop, according to the Bloomberg Billionaires Index.
Source - NDTV
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