> It feels weird that they're using Cash App to indict the company as a whole.
they profit off shorting. So it makes sense to target them if the company has _some_ issues with fraud, even if it's a small part of their business, as it hasn't been priced in yet before this news breaks and people are positive about the company.
They aren't doing a public service or anything. It's a reason why companies like credit suisse don't get targeted by hindenburg, because the market has almost priced in all of the fraud, and the shorting opportunities arent really there.
they profit off shorting. So it makes sense to target them if the company has _some_ issues with fraud, even if it's a small part of their business, as it hasn't been priced in yet before this news breaks and people are positive about the company.
They aren't doing a public service or anything. It's a reason why companies like credit suisse don't get targeted by hindenburg, because the market has almost priced in all of the fraud, and the shorting opportunities arent really there.