The Hindenburg company was founded in 2017. It was founded by Nathan Anderson. (archive photo)
US short-selling firm Hindenburg Research is set to close its doors. The company’s founder, Nathan Anderson, announced this on Wednesday evening. He said the decision to close the business was made after much discussion and consideration. However, Anderson gave no specific reason for the business’ closure. The Hindenburg research began in 2017.
The Hindenburg Research reports led to multibillion-dollar losses for several companies, including India’s Adani Group and Icahn Enterprises. In August 2024, Hindenburg had claimed in its report that Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and her husband Dhaval Buch held stakes in an offshore company linked to the Adani group.
Nathan Anderson wrote-
As I’ve been sharing with my family, friends, and team since late last year. I have decided to dissolve Hindenburg Research. It was planned to be closed as soon as the ideas we were working on were completed. And given the recent Ponzi schemes we have completed and shared with regulators, that day is today.
Nathan Anderson wrote in the note…
I write all this with joy. Creating this has been my life’s dream. At first I didn’t know if it would be possible to find a satisfactory solution. It was not an easy option. But I was naive to the danger. I was drawn to him like a magnet.
So why not break up now? Nothing special – no significant risks, no health concerns, and no major personal issues. Someone once told me that at some point, achieving career success becomes a selfish act. At first, I felt like I had to prove certain things to myself. Now I have finally found some comfort with myself, perhaps for the first time in my life.
I look forward to spending time with my family, pursuing my hobbies, and traveling. I made money for them. I plan to invest my money in index funds and less stressful things. Right now, I’m focused on getting everyone on my team to where they want to be.
I hope that in a few years, after we have fully shared our process, I will hear from someone reading this (probably you). Whoever embraces this passion will learn this art and despite all obstacles, will find the confidence to shed light on a subject that needs it. It will make my day, even if I’m then busy learning music, gardening, or whatever I plan to do next.
I want to apologize to my family and friends for the times when I ignored you and my attention was elsewhere. Now I look forward to spending more time with you all.
Finally, I would like to thank our readers. Over the years, your passionate messages have given us strength. And it reminds me again and again that the world is full of goodness. Thank you all for this. I could never hope for more than that. These are all good wishes.
Hindenburg disclosed on these companies from 2016 to 2024
Year 2024: SEBI chief has been accused of having stakes in offshore entities linked to the Adani group. In August 2024, Hindenburg had claimed in its report that SEBI chief Madhabi Puri Buch was used in the money embezzlement scandal through the Adani group. entities.
Citing the documents, Hindenburg had said that Butch and her husband Dhaval Butch had stakes in an offshore fund. In which Gautam Adani’s brother Vinod Adani had invested a large amount of money. Vinod is the Chairman of the Adani Group of Companies. …
The company owes its name to the “Hindenberg” accident.
On May 3, 1937, the Hindenburg spacecraft suffered an accident in America. This is a photo from that time.
On May 6, 1937, a German spacecraft named Hindenburg crashed in the air while taking off from the city of Manchester in Great Britain. 35 people died in this accident.
After investigation, it was found that this incident was due to a fire in the hydrogen balloons of this plane. Even before that, there had been accidents due to hydrogen balloon fires. The investigation report found that the company had put more people on the plane than its capacity, without respecting the rules.
Nathan Anderson believed the spaceship company could have avoided this accident by learning from previous incidents. The incident 80 years ago left a deep mark on the heart and mind of Nathan Anderson. That’s why he named his company “Hindenberg” in 2017.
The purpose of keeping this name was only one – like Hindenburg, to keep an eye on irregularities occurring in the stock market in order to make a profit and expose them. So that any crash due to stock market scams can be avoided.
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I have to read this news related to the Hindenburg report…
Hindenburg Allegation – Adani Freeze of ₹2,600 Crores in Swiss Banks: Adani Group said – all claims are false, this is an attempt to bring down our market value.
Hindenburg Research had made fresh allegations against the Adani Group on September 12. Hindenburg had said that Swiss authorities had frozen over $310 million (around Rs 2,602 crore) in 6 Swiss bank accounts linked to the Adani group. …