12:42 PM · 20 March 2024

Equinix loses 7% after Hindenburg Research report 📉

Shares of US-based data center REIT, Equinix (EQIX.US) loses as much as 6% after a report from the short-seller activist fund, Hindenburg Research, which informed markets about its short position in company shares. Hindenburg accuses the company about accounting manipulation practices, core business decay and selling an AI 'pipe dream' to cash out company insiders.

Source: xStation5

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