Jack Dorsey: Jack Dorsey, who got Twitter recognized worldwide on the basis of his hard work, has suffered a huge loss. Former Twitter CEO Jack Dorsey has lost more than $ 500 million in 1 day. The reason for this is the report released by Hindenburg Research. Actually, it has been said in the report that the company in which Jack Dorsey invests is misleading people. It has been alleged in the report that Block, the company in which Dorsey invests, has helped people to take advantage of the government scheme by forgery during Corona, as well as keeping false figures among the people.
Biggest ever single day downfall
As soon as this report was published on the Internet, Jack Dorsey suffered a loss of $ 526 million. This is the biggest loss for Jack Dorsey so far in 1 day. Now the net worth of the former CEO of Twitter has come down to $4.4 billion. Let me tell you, the main part of Jack Dorsey’s earnings comes through shares and he invests in many companies. The former Twitter CEO still holds 2.4 percent of the company’s shares, while Dorsey holds 10 percent of the company’s shares. This is the reason why they have suffered huge losses after the release of the Hindenburg Research report.
Block clarified on the report
On the report of Hindenburg Research, the block company has clarified that this report is factually wrong and after reading it, it seems as if it has been published to confuse the investor. Let me tell you, before this Hindenburg Research has also released a report related to Adani Group, after which a huge fall was seen in the stock of Adani Group and Adani had slipped from the place of second richest man in the world to 21st position.
For those who do not know what Hindenburg Research is, in fact, it is a company that keeps an eye on the shares of all big companies, their way of investing, etc. so that people can get the right information. Hindenburg Research first conducts detailed research on any company and then issues a detailed report in that regard.
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