Hindenburg news LIVE Updates: Hindenburg Research’s founder Nathan Anderson on Wednesday annouced to disband the firm whose reports sparked heavy short-selling by investors and investigations by authorities, wiping billions from the market values of companies including India’s Adani Group and U.S.-based Nikola.
Meanwhile, as soon as the Indian markets opened on Thursday, Adani group stocks started rallying high.
Nathan Anderson, who started Hindenburg in 2017, cited the toll of the “rather intense, and at times, all-encompassing” nature of the work as the reason for his decision, in a website post published on Wednesday.
In his farewell letter, he wrote, “I write this from a place of joy. Building this has been a life’s dream. I did not know at the outset if it would be possible to find a fulfilling path. This wasn’t an easy option, but I was naïve to the danger and felt…
