Shares of Jack Dorsey’s Block fell nearly 20% on Thursday, after short seller Hindenburg Research claimed that the company’s Cash App business inflated its number of monthly active users and took a lax approach to identifying and regulating fraudulent activity on the platform. The report, which cited interviews with former employees, screenshots and public information requests, alleged that...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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