Despite Opposition From Short-Sellers, Block Just Reported a Huge Improvement to the Business
Shares of fintech company Block (NYSE: SQ) are down nearly 80% from their all-time highs, and they're down roughly 1% year to date as well. The report outlined a long list of potential reasons for a 75% downside in Block stock, spooking investors. Of course, Block's management promptly rebutted some of Hindenburg's claims.