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by achow
1177 days ago
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Hidenburgh seems to have directly accused Block. Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics. https://hindenburgresearch.com/block/ |
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Most banks and payment platforms will facilitate fraud to some extent, but it’s their duty to reduce this with compliance procedures.