Hindenburg Research, a short-seller that targets tech and EV companies, is closing up shop

When Hindenburg Research posts a blog on its website, it usually means that the company’s deadline is near.

Today, the company is Hindenburg Research.

Nate Anderson announced Wednesday that he is shutting down privately held Hindenburg Research, after seven years of providing scathing reports on well-known companies, including many of the world’s tech giants and startups.

“As I have shared with family, friends and our team since late last year, I have made the decision to terminate Hindenburg Research,” Anderson wrote. blog post. “The system has been closed when we have finished making the recommendations that we have prepared. And like the last Ponzi cases that we have just completed and shared with the regulators, that day is today.”

The Hindenburg Reports were known over the years for their original research and in-depth research into markets that were largely overlooked. In many cases, the company’s reports have focused on SEC investigations, lawsuits, and the number of things going down around target companies.

Anderson said there was no real reason to remove the Hindenburg today. He said the short-selling company has reached a level of success he never expected, and now is a good time to move on.

However, Anderson shared that the last seven years of Hindenburg had taken a toll on his health and well-being. He said in the blog that he often wakes up in the middle of the night with new research ideas. Anderson also apologized to his family and girlfriend in the post, saying that he will have more time to spend with his loved ones now.

Over the years, the Hindenburg has battled the giants of technology. Anderson published a short report on Roblox 2024 where he described the game as “X-rated pedophile hellscape.” A few weeks later, Roblox released new products to protect parents on stage. Hindenburg has also shorted publicly traded companies such as Super Micro and Block.

The Hindenburg also holds the distinction of being the first fire engine.

Hindenburg is struggling Introducing hydrogen electric cars, Nikola, in the 2020 report, shortly after General Motors announced that it had taken an 11% stake. The short seller said that Nikola’s cars were not working properly, and he blamed the company’s management for the relationship. The government’s investigation of Nikola followed the Hindenburg report, and ultimately, it led to a settlement with the SEC and the decision of Nikola’s founder.

In 2021, Hindenburg published a Lordstown Motors brief reportclaiming that the electronics manufacturer lied to EV drivers. These claims turned out to be true, according to the Securities and Exchange Commission, which sued the EV company for misleading investors and forced it to pay $25 million.