Block drops 20%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated customer acquisition costs (Reuters)

Reuters:
Block drops 20%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated customer acquisition costs  —  Hindenburg Research said on Thursday it held short positions in Block Inc (SQ.N), alleging that the Jack Dorsey-led payments firm overstated …