Nate Anderson, the founder of the muckraking financial information firm Hindenburg Research, says he is disbanding the organization after it finished the pipeline of work it set out to do.
Hindenburg, founded in 2017, has a track record of sending the stock prices of its targets tumbling by disclosing fraud and other abuses in financial markets that it has unearthed through deep research. It had a financial incentive to do so, using a trading technique called short-selling to make money if its reports caused stock and bond prices of its targeted companies to fall.
