When Hindenburg Research posted a blog on its website; It often means that a company's deadlines are approaching.
Today that company is Hindenburg Research.
Nate Anderson announced Wednesday that he is shutting down best-selling firm Hindenburg Research after a seven-year run of negative reports on top companies, including many of the tech world's giants and dark startups.
“Since late last year, the family We shared our group with friends and decided to cancel Hindenburg Research,” Anderson wrote. Blog post. “We plan to implement the ideas we're working on once we finish the pipeline. Today is the day we have completed the final Ponzi cases and are sharing them with regulators.”
The Hindenburg Reports have gained a reputation over the years for their antiquated investigations and thorough research into neglected corners of public markets. In many instances, Company reports SEC investigations; It presages a sharp drop in stocks around the criminal charges and the companies it targets.
Anderson said there was no specific reason to dismantle the Hindenburg today. He says the short-term trading business has reached a level of success he never expected, and now is a good time to move on.
However, Anderson shared that the last seven years of the Hindenburg had taken a toll on his health and personal life. He noted on the blog that he often wakes up in the middle of the night with new ideas for investigations. Anderson apologized to his family and friends and said he will now have more time to spend with his loved ones.
Over the years, the Hindenburg has targeted some of the biggest names in the tech world. Anderson released a short 2024 report on Roblox, calling the gaming platform “X-rated pedophile hellscape” weeks later on Roblox New safety features for parents have been released. On Pavement. Hindenburg also shorted publicly traded technology companies such as Super Micro and Block.
Hindenburg has developed a reputation for being responsible for some of the most famous electric vehicle startups.
Hindenburg was targeted. In the 2020 report, hydrogen electric vehicle startup Nikola; Not long after, General Motors announced that it was taking an 11% stake. The short seller claimed Nikola's trucks were not fully functional and accused the company's leadership of targeting them. A government investigation into Nikola followed Hindenburg's report and ultimately led to the settlement of the SEC and the conviction of Nikola's founder.
Published by Hindenburg in 2021. A brief report on Lordstown MotorsThe electric car maker claims it faked EV truck reservations. Those claims are largely true, according to the Securities and Exchange Commission. The EV company was charged with misleading investors and ordered to pay $25 million..