this post was submitted on 24 Jan 2024
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[–] ItsMeSpez@lemmy.world 63 points 9 months ago (2 children)

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 36 points 9 months ago (1 children)

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

[–] DScratch@sh.itjust.works 30 points 9 months ago (1 children)

They're like the anti-hero of this story.

[–] StraySojourner@lemmy.world 6 points 9 months ago

Hilarious name too, honestly.

The Crash n' Burn Bois

[–] deegeese@sopuli.xyz 5 points 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.