Former ambulance driver Nathan Anderson first burst into public attention in 2020, when he proved that electric vehicle company Nikola had faked a video to make it look like its trucks could move forward on their own, when in reality one was staged to roll down a hill. The exposé led to the company’s CEO going to jail and to Anderson’s short-selling firm, Hindenburg Research, becoming one of the most feared names in corporate America.
When Anderson announced last Wednesday that Hindenburg was closing shop, it marked the end of an era. His famed short-selling firm lasted less than a decade, but during that time, its scathing reports exposing corporate lies and ineptitude regularly jolted the market. Hindenburg’s investigations, compiled by a staff of just 11 and blasted out to 900,000 followers on X, took aim at the likes of Block and Adani Group and became a symbol of bear investing during a period of meme-stock mania and runaway valuations.
