Hindenburg’s latest target: US data centre – Times of India

by The Technical Blogs



Short seller Hindenburg Research targeted data centre owner Equinix on Wednesday, alleging that the company manipulates its accounting and is selling an “AI pipe dream”.
Hindenburg’s disclosure of a short position and its allegations raise questions about the future for Equinix, which has been benefiting from the expectation that AI companies will need even more data centres to power the tech Equinix shares were pummelled on Wednesday and the company pulled a planned bond offering after the report hit. Shares of Equinix fell the most since August, dropping 5%. A representative for Equinix said the firm is investigating the claims.



Source link

Related Posts

Leave a Comment

THE TECHNICAL BLOGS

Copyright @2020  All Right Reserved – Designed and Developed by DSF SEO COMPANY