THE RISE AND FALL OF HINDENBURG RESEARCH & ITS CEO

The stock market shook for a minute in 2020 when US-based investment research firm Hindenburg Research alleged Nikola, an electric vehicle giant, for making deceptive assertions to secure collaborations with leading automakers eager to compete with Tesla.

- ROOPALATHA H

The US Securities and Exchange Commission charged Nikola with defrauding investors by disseminating misleading information regarding its products, technological advancements, and future business potential.

Nikola agreed to pay $125 million to resolve the issue in late 2021. Since then, Hindenburg Research went on a streak, exposing fraud in many top companies. Hindenburg's reports had caused investors to sell stocks and led to investigations that wiped out billions of dollars from companies, including India's Adani Group. However, recently, the founder of Hindenburg Research, Nathan Anderson, declared his decision to disband the company. Let's learn more about Nathan and the reason for shutting down the company.

Who is Nathan?

Nathan is a globally known figure in finance realm, especially because of his reports that challenge big companies. He found his niche in investigating, identifying and revealing issues and fraud in publicly traded firms.

Early Life and Education

Nathan was raised in a middle-class household in the United States. While attending the University of Connecticut, where he studied international business, he gained knowledge of international money and markets. He quickly developed an interest in how firms operate and how markets respond to their actions.

Career