00:00A new post has been shared on the Twitter account of the American short-seller firm Hindenburg Research, but this time it is not related to the opening of a company, but is related to the shutdown of Hindenburg itself.
00:17The company's founder, Nathan Anderson, has announced the closure of his firm.
00:21In 2017, this short-selling company has targeted more than 20 large companies, many of which have even been caught in its whirlwind.
00:32So let's tell you about those 5 companies from which the Hindenburg Research report had wreaked havoc.
00:39Hindenburg is about to shut down.
00:41The founder of the American short-seller firm, Nathan Anderson, has announced the closure of his company through an emotional social media post.
00:50Hindenburg has created a ruckus by openly opposing the companies and short-selling games.
00:56Since its inception, this firm has targeted more than 20 large companies, including Adani Group, Supermicrocomputer, Blog Inc., Sizzle Inc. and Pax Group.
01:09So first of all, let's talk about the group of Gautam Adani.
01:11Hindenburg published a report in January 2023, in which Adani Group was accused of many crimes.
01:18Adani Group had denounced these allegations, but even after this, there was a heavy drop in the market cap of the group.
01:24Hindenburg has done a lot more to Adani than any other company.
01:29In fact, it had even included Kotak Mahindra Bank, one of the largest Indian banks and one of India's market regulators.
01:37The second company is Supermicrocomputer.
01:39In August 2024, Hindenburg targeted the Silicon Valley-based company Supermicrocomputer.
01:46Hindenburg released a new report, accusing it of some problems related to export control failure and customer issues in the financial transactions of Supermicrocomputer.
01:59Hindenburg claimed that he had released this report after a three-month investigation, and he had prepared this report only after reviewing the previous employees of the company, industry experts and the record of the case.
02:11The third company is Blog Inc.
02:13Hindenburg had targeted Jack Dorsey, the former CEO of Twitter, in March 2023.
02:20In his report, Hindenburg accused Dorsey of fraudulently using the company's payment company, Blog Inc., in the account, and accused the government of misusing the government's relief.
02:29And after this disclosure, Blog Inc. was shocked.
02:33The fourth company is Sezel Inc.
02:35The second and last report of Hindenburg came on December 18, 2024, with Sezel, a monopolistic BNPL company founded in 2016.
02:44Hindenburg saw that Sezel's stock increased by 2,015% in one year by December 18, and was inspired by investors' belief that it is an increasing profitable business, which has recently recorded 71% revenue growth year-on-year.
02:59In addition, the short seller said that Sezel was doing business on the premium 5.5X forward sales multiple at that time, which represented 63% premium compared to its peers on the basis of these high expectations.
03:12The fifth company is Pax Group.
03:14Uttar Pradesh skilled nursing facilities operator PCS, i.e. Pax Group, had to face defeat on a large scale after Hindenburg's research report on November 4, 2024.
03:26The company was accused of misusing the COVID-era relief, and mislead its thousands of patients to better care and medical benefits.
03:36These are the five big companies that Hindenburg had targeted.
03:41After Hindenburg's report, these five companies had to suffer a huge loss.
03:46What is your opinion on this news?
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