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International Business Times
International Business Times
World
Vidhya Ck

Hindenburg Research, Which Shook Empires Like Nikola and Adani, Announces Shutdown

Hindenburg Nikola Nathan Anderson Hindenburg Research Carvana Gautam Adani Trevor Milton Adani Group
Trevor Milton, founder and former CEO of Nikola Corp, was convicted of fraud in 2022 after Hindenburg accused the electric truck maker of misleading investors about its technology. (Credit: Reuters)

Nathan Anderson, the founder of Hindenburg Research, has announced the disbandment of the firm, which became known for its reports that led to significant drops in stock prices and investigations into several companies.

In a post on the company's website, Anderson explained that the decision to shut down Hindenburg was due to the intense and all-consuming nature of the work.

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