CNBC's Deirdre Bosa reports on Block shares' slide after short seller Hindenburg accused Jack Dorsey's company of facilitating fraud.

Options Traders Targeting 3 Moving Stocks Today

02:58pm, Thursday, 23'rd Mar 2023
Stocks are rebounding as Wall Street continues to unpack yesterday's interest rate hike, with investors considering the Fed's policy for the rest of the year.
Block called short-seller Hindenburg's report on its Cash App business "factually inaccurate and misleading" and said it will explore legal action.

Block Calls Hindenburg's Claims Inaccurate

02:44pm, Thursday, 23'rd Mar 2023
Block Inc. shares tumbled after Hindenburg Research said it's betting on a decline in the stock, alleging the payments company led by Jack Dorsey facilitated fraudsters who took advantage of govern
The statement from billionaire Jack Dorsey's firm did little to calm investors, as Block stock continued to spiral.
Block shares have dropped more than 20%, their largest decline in three years.
Yahoo Finance Live's Jared Blikre breaks down the decline in stock for Block.

Cathie Wood Just Doubled Down on Block (SQ) Stock

01:36pm, Thursday, 23'rd Mar 2023
Timing is everything, but in the case of Cathie Wood's latest buy, it may work against her. The founder of Ark Invest is well known for her contrarian stock picks.
Shares of Block, the company behind Cash App, plunged by 20% Thursday morning after the release of a searing report from short-seller Hindenburg Research that accused Jack Dorsey's company of allowing
Hindenburg Research says it's betting on a decline in Block Inc. stock, alleging the payments company led by Jack Dorsey facilitated fraudsters. Jenny Surane reports on "Bloomberg Technology.
Shares of the Jack Dorsey-led payments app Block sank dramatically Thursday after short-seller Hindenburg Research announced the company was its latest short position.  Hindenburg accused Block, form
Block (NYSE: SQ ) stock is plunging today after the release of a damning short report. Market research firm Hindenburg Research has published a detailed case against the digital payment company, accus
Block, Inc. SQ shares are trading lower after Hindenburg Research issued a short report on the stock.
Shares of the financial tech company plunged after Hindenburg Research said it had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.
Block, formerly known as Square, was having a terrible day on Thursday, with shares down by about 20% shortly after the market opened. A short-seller report accuses Block of all sorts of fraudulent an
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