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00:02Hindenburg Research, known for its high-profile short-selling reports, is shutting down.
00:06Founder Nate Anderson announced this Wednesday. In a note posted on the firm's website,
00:12Anderson stated that the decision to disband had been planned since late last year
00:17after completing their pipeline of ideas.
00:19Founded in 2017, Hindenburg gained prominence for exposing alleged frauds.
00:24Operating as a short-seller and research firm,
00:26Hindenburg profited from stock declines after publishing reports.
00:30For all things money, visit Benzinga.com.
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