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Closing Hindenburg

Writer's picture: Philip AmmermanPhilip Ammerman

I was sorry to read in the Financial Times that Hindenburg Research is closing shop. At a time where almost no mainstream financial media have been implementing real investigative journalism on large-cap stocks or fancy startups, Hindenburg was one of the few, reliable organizations doing real research and casting the light of common sense on some of the most egregious cases of financial exuberance.

I was sorry to read in the Financial Times that Hindenburg Research is closing shop. At a time where almost no mainstream financial media have been implementing real investigative journalism on large-cap stocks or fancy startups, Hindenburg was one of the few, reliable organizations doing real research and casting the light of common sense on some of the most egregious cases of financial exuberance.


For a summary of their record, check this:


I can fully understand the level of exhaustion that this approach results in, not to mention the level of hostility this generates. But it’s a sad testament to the state we are in, where “free speech” increasingly means “speech we agree with”;, where politicians lie with immunity; where “fake it till you make it” seems to pay off; and where consumer protection regulations, already toothless, are facing a rollback.


Together with the oligarch-owned mainstream press bending the knee, and with social media platforms eliminating fact checking in favour of extremism and scams, it’s a not a particularly pleasant environment to be in.


I wish Nathan Anderson and Hindenburg Research all the best.






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