Update 1:40pm: Adds Block response to short seller report. Block Inc. (NYSE:SQ), formerly known as Square, pared some if its earlier loss, now down 14%, after a new short report from Hindenburg ...

Hindenburg Research is taking aim at Jack Dorsey's Block, formerly known as Square, alleging that what the influential short seller called the payments company's "magical" financial technology relied ...

“Block has wildly overstated its genuine user counts and has understated its customer acquisition costs,” says the report. A report following a two-year investigation from Hindenburg Research claims ...