Hindenburg: Hindenburg, the American short-seller company that created chaos in the Indian stock market, has shut down. Hindenburg was founded by Nathan Anderson in the year 2017. This company with just 10 employees has created chaos not only in India but in many countries of the world. However, ever since the news of Hindenburg's closure has come, there has been more discussion about the company. Today we will learn about the 7 victims made by Hindenburg in the last 7 years.

Nikola Corporation

Hindenburg had made a move against the American company Nikola in the year 2020. Hindenburg had accused this electric truck manufacturing company of lying to investors about its technology. In this case, a US court had convicted the company's founder Trevor Milton of fraud.

Twitter

Hindenburg did not leave Twitter either. Hindenburg had earlier taken a short position in Twitter in SaaS 2022. Hindenburg had said on this that if Elon Musk backs out of the deal with Twitter, then the offer of $44 billion will be reduced. The company then made a move against Musk in July and took a long position in Twitter. But, Musk bought Twitter for $44 billion only.

Adani Group

Hindenburg came into the news in India when it made very serious allegations against the Adani Group. The American company made several attempts to ruin Adani and was largely successful in it. In fact, when Hindenburg accused Adani of corporate fraud, the shares of almost all the companies of the group saw a devastating decline. However, when Hindenburg's dark intentions were exposed, Adani's shares also saw a rapid recovery.

SEBI

To create a stir in the Indian stock market, Hindenburg accused SEBI chief Madhabi Puri Buch and her husband Dhawal Buch. The company alleged that the Buch couple has stakes in foreign companies that manipulate money for the Adani Group.