February 14, 2025
London, UK

Block’s (SQ) Response to Inaccurate Short Seller Report

SQ Block Hindenburg Research

We intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.

Hindenburg Research is known for these types of attacks, which are designed solely to allow short sellers to profit from a declined stock price. We have reviewed the full report in the context of our own data and believe it’s designed to deceive and confuse investors.

We are a highly regulated public company with regular disclosures, and are confident in our products, reporting compliance programs, and controls. We will not be distracted by typical short-seller tactics.

About Block

Block, Inc. (SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

Previous Article

SEC Charges Crypto Entrepreneur Justin Sun (TRON) and his Companies for Fraud and Other Securities Law Violations

Next Article

Palantir (PLTR) Awarded AUSTRAC Renewal to Support Financial Criminal Investigations

You might be interested in …

MSFT Microsoft

Microsoft (MSFT) Q2 2023 Earnings

Microsoft reported the second fiscal quarter 2023 financial results after the market close. EPS beat the estimates but revenue came below expectations. Here are the key points

FIVN Five9

Five9, Inc. (FIVN) Third Quarter Earnings

Five9 (FIVN), the San Ramon, California-based company reported financial results for the third quarter that ended September 30, 2022. The revenue beat the estimates but the fourth quarter and full-year guidance disappointed investors.

TSLA Tesla

Tesla Vehicle Production & Deliveries for Q4

In the fourth quarter, Tesla produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million.