Equinix, a prominent data center firm, is facing allegations of inflating a key profit metric by short-seller Hindenburg Research. The report released by Hindenburg accuses Equinix of misleading investors by manipulating its adjusted funds from operations (AFFO) metric.
The report claims that Equinix has been artificially inflating its AFFO metric by including certain expenses that should not be part of the calculation. Hindenburg alleges that Equinix's AFFO metric does not accurately reflect the company's true financial health and performance.
