Trump in, Hindenburg out: US short-seller firm shuts down 3 days before US President-elect's swearing-in

  • Posted on January 16, 2025
  • By Business News Today
  • 2 Views
Trump in, Hindenburg out: US short-seller firm shuts down 3 days before US President-elect's swearing-in

US investment group Hindenburg Research will be disbanded, its founder Nate Anderson said Wednesday, adding that it has completed the projects it was handling. Hindenburg's biggest success came against electric truck maker Nikola, which it accused in 2020 of lying about the status of its technology. It also accused Adani group of stock manipulation and fraud. The closure of Hindenburg comes merely three days before US President-elect Donald Trump's inauguration.
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