When Hindenburg Research posts a weblog on its web site, it usually means an organization’s remaining days are close to.
Today, that firm is Hindenburg Research.
Nate Anderson introduced Wednesday he has shut down short-selling agency Hindenburg Research after a seven-year run issuing damning stories about high-profile firms, together with lots of the expertise world’s giants and buzzy startups.
“As I’ve shared with household, mates and our workforce since late final yr, I’ve made the choice to disband Hindenburg Research,” Anderson wrote in a weblog publish. “The plan has been to wind up after we completed the pipeline of concepts we have been engaged on. And as of the final Ponzi instances we simply accomplished and are sharing with regulators, that day is at present.”
Hindenburg’s stories gained a popularity through the years for his or her prescient investigations and thorough analysis into neglected and ignored corners of public markets. In many situations, the agency’s stories predated SEC investigations, felony indictments, and large inventory drops across the firms it targets.
Anderson stated there’s no particular cause for disbanding Hindenburg at present. He stated the short-selling agency has reached a degree of success that he by no means anticipated, and that now is an effective time to maneuver on.
However, Anderson did share that the final seven years working Hindenburg had taken a toll on his well being and private life. He famous within the weblog that he usually wakes up in the course of the night time with new concepts for investigations. Anderson additionally apologized to his household and mates within the publish, stating he’ll have extra time to spend with family members now.
Over the years, Hindenburg has focused some giants of the expertise world. Anderson revealed a 2024 quick report on Roblox the place he characterised the gaming platform as an “X-rated pedophile hellscape.” Weeks later, Roblox rolled out new security options for folks on the platform. Hindenburg has additionally shorted publicly traded tech firms comparable to Super Micro and Block.
Hindenburg additionally developed a popularity for taking over a few of the hottest electrical car startups.
Hindenburg focused hydrogen electrical car startup Nikola in a 2020 report, shortly after General Motors introduced it had taken an 11% stake. The quick vendor claimed Nikola’s vehicles weren’t totally purposeful, and accused the corporate’s management of nepotism. A authorities investigation into Nikola adopted Hindenburg’s report, and in the end, led to a settlement with the SEC and the Nikola founder’s conviction on securities and wire fraud expenses.
In 2021, Hindenburg revealed a brief report about Lordstown Motors, claiming the electrical automaker had faked EV truck preorders. Those claims turned out to largely be true, in response to the Securities and Exchange Commission, which charged the EV firm with deceptive traders and compelled it to pay $25 million.
