• ItsMeSpez@lemmy.world
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    9 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
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      9 months ago

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

    • deegeese@sopuli.xyz
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      9 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.