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Hindenburg recently released a report analyzing how inflated user metrics and “frictionless” fraud facilitation enabled Block insiders to cash out over $1 billion. The research-led hedge fund published its report after a two-year investigation. It alleged Block for “systematically” taking advantage of the demographics it claimed to be helping. According to Hindenburg , “The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as a revolutionary technology, and mislead investors with inflated metrics.” Now, a recent Bloomberg report brought to light that Dorsey’s fortune shrunk by $526 million on Thursday, March 24. This marked his “worst single-day decline” since May. In fact, according to the Bloomberg Billionaires Index, he is now worth only $4.4 billion post the 11% drop. Dorsey reportedly has most of his “personal fo...

After leaving behind Twitter , Jack Dorsey , the co-founder of the social media platform, began working on an alternative version. Bluesky, a decentralized version of Twitter has been making headlines. Unlike Twitter , this platform wouldn’t be made available to everyone. The application has reportedly debuted in the Apple app store as an invite-only app. Jack Dorsey ’s latest version of Twitter entered the Apple store back on Feb. 17. Within days of its debut, it managed to bag 2,000 installs. The Bluesky app, as presented by the network, mirrors Twitter ’s interface. For instance, similar to Twitter , Bluesky’s feed has likes, comments, and reposts. Source – App Store However, it should be noted that this app isn’t available for Android users yet. As mentioned earlier, Bluesky mimics a lot of features from Twitter. However, both of these platforms are quite different. Users of the app may post up to 265 characters, which is ve...