Shares in dual-listed Block (ASX:SQ2) fell more than 18% on the ASX on Friday after a US short seller, Hindenburg Research, published a lengthy report accusing the parent company of local fintech Afterpay of inflating its user metrics and fraud facilitation after it used Block’s Cash App to order a cash card under the name… Read more »
Shares in Sydney-based logistics tech co WiseTech Global (ASX: WTC) have fallen more than 6% in early trade today, amidst the company’s AGM, as China-based short-selling nemesis J Capital launched a fresh attack on the credibility of the business. WiseTech shares fell more than 10% to below $26 on Tuesday morning, despite an upbeat presentation… Read more »
WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years The company’s share price was up more than 1000% since its IPO in 2016 A China-based short-selling research firm has accused the company of inflating revenues and hiding performance WiseTech denies the allegations but its shares have fallen more than 20%… Read more »
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