Jack Dorsey’s Block Shakes Off Short Seller Hindenburg’s Report to Post a Rise in Quarterly Revenue

Jack Dorsey’s Block Shakes Off Short Seller Hindenburg’s Report to Post a Rise in Quarterly Revenue

Block posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will watch closely following U.S. short-seller Hindenburg Research’s disclosure in March of short positions in the firm. Shares of Block, formerly called Square, were up more than…