Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
When Hindenburg Research posts a blog on its website, it often means that the company’s final days are near.
Today that company is Hindenburg Research.
Nate Anderson announced Wednesday that he has closed short-selling firm Hindenburg Research, after seven years of publishing damning reports on high-profile companies, including many tech giants and buzzy startups.
“As I have shared with family, friends and our team since late last year, I have made the decision to dissolve Hindenburg Research,” Anderson wrote in blog post. “The plan was to finish after finishing the series of ideas we were working on. And as for the latest Ponzi cases that we’ve just completed and are sharing with regulators, that day is today.”
The Hindenburg Reports have gained a reputation over the years for their far-sighted research and thorough investigation of overlooked and overlooked parts of public markets. In many cases, the company’s reports preceded SEC investigations, criminal indictments and massive stock drops in the companies it targeted.
Anderson said there was no particular reason for disbanding the Hindenburg today. He said the short-selling company had reached a level of success he didn’t expect and now was a good time to move on.
However, Anderson said the last seven years at the helm of Hindenburg had taken a toll on his health and personal life. He noted in the blog that he often wakes up in the middle of the night with new ideas for research. Anderson also apologized to his family and friends in the post, saying he will now have more time to spend with loved ones.
Over the years Hindenburg has targeted some giants of the tech world. In 2024, Anderson published a short report on Roblox in which he characterized the gaming platform as “X-rated pedophilic hellscape.” Weeks later, Roblox introduced new safety features for parents on the platform. Hindenburg also made short work of publicly traded technology companies such as Super Micro and Block.
Hindenburg has also gained a reputation for acquiring some of the most popular electric vehicle startups.
Hindenburg on target launch of hydrogen electric vehicles, Nikola, in the 2020 report. shortly after General Motors announced that it had taken an 11% stake. The short seller claimed that Nikola’s trucks were not fully functional, and accused the company’s management of nepotism. A government investigation into Nikola followed the Hindenburg Report and eventually led to a settlement with the SEC and the conviction of Nikola’s founder.
In 2021, Hindenburg announced a brief report on Lordstown Motorsclaiming that the electric car maker faked pre-orders for EV trucks. Those claims turned out to be mostly true, according to the Securities and Exchange Commission, which accused the EV company of misleading investors and forced it to pay $25 million.
