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submitted 10 months ago by corbin@infosec.pub to c/technology@lemmy.world

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[–] ItsMeSpez@lemmy.world 63 points 10 months ago (4 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.

[–] deegeese@sopuli.xyz 5 points 10 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.

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