Hinderburg vs adani, just 5 years old, this American company shook Adani’s empire, used to fill stomach by driving an ambulance
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Who is the American company Hindenburg
Hindenburg Research Report, an American forensic financial research firm, was incorporated in the year 2017. Nathan Anderson started this company. After graduating from the University of Connecticut, Anderson started FactSet and a data analysis company. Initially he worked in investment management companies. In 2017, he promoted short selling firm Hindenburg Research. The Hindenburg Research Firm is a forensic financial research firm that analyzes equity, credit and derivatives. Hindenburg detects the disturbances happening in any company and publishes a detailed report on it. In its report, the firm includes accounting irregularities, management lapses and undisclosed related party transactions. This company places bets against target companies. The company maintains the track record of corporate companies.
the ambulance driver the anderson
Anderson named his company after the Hindenburg airship crash in 1937. Many people lost their lives in this accident. The company’s founder Anderson told during an interview with the Wall Street Journal that he used to drive an ambulance in Israel earlier. While working, he completed his studies and founded Hindenburg after working at the data company FactSet Research Systems Inc. You will be surprised to know that Hindenburgl company works with only 10 employees.
So far 16 companies have been exposed
The Adani Group is not the first company to which Larry Hindenburg has given his report. Even before this, it has put forward its report regarding the irregularities of 16 companies. Before Adani, this company had issued a report regarding Twitter Inc. In the year 2020, this company gave a sensational report regarding the electrical company Nikola Kors. Now Adani group has come on the target of Hindenburg. In his negative report, Hindenburg has made several serious allegations against Adani group companies.
Lost 25 billion dollars in two days
After the arrival of this report, there is a big decline in the shares of Adani Group. Investors have lost Rs 4.2 lakh crore due to fall in shares of Adani Group. On the other hand, Gautam Adani’s net worth has declined by $ 25 billion in two days. Due to this decline, he has slipped down in the list of the world’s rich. In the list of Forbes Billionaire Index, he has fallen from number three to number 7.
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