Block Inc (NYSE:SQ) CEO Jack Dorsey's wealth eroded by $526 million on Thursday after short-seller Hindenburg Research published a bearish report on the company. What Happened: Dorsey is worth $4.4 billion after taking an 11% hit on his net worth, reported Bloomberg, citing data from the "Billionaire's Index" maintained by it. The index estimated that Dorsey's stake in Block is worth $3 billion, while his position in the Elon Musk-owned Twitter is $388 million. On Thursday, Block shares fell by nearly 15% after Hindenburg said that Block was taking advantage of people it claims to be helping by disguising
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