When Hindenburg Research posts a blog on its website, it often means the company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday that he has closed his short-selling firm Hindenburg Research after seven years of publishing damning reports on high-profile companies, including many of the world’s tech giants and buzzy startups. “While I have been with my family, friends and team since late last year, I have made the decision to dissolve Hindenburg Research,” Anderson wrote in a blog post. “The plan was completed after completing the ongoing pipeline of ideas. And in the last Ponzi case that has been completed and shared with the regulator, today is today. The Hindenburg report has gained a reputation over the years for its prescient investigation and thorough research on the corner of the public market that In many cases, the company’s report, the criminal indictment, and the massive decline in the company’s stock, Anderson said there is no particular reason to liquidate Hindenburg now already reached a level of success he never expected, and now is a good time to move on. However, the past seven years of running Hindenburg have affected his health and his personal life. He notes in his blog that he often wakes up in the middle of the night with new ideas for investigation .Anderson also apologized to his family and friends in the post, saying that he will have more time to spend with his loved ones now. Over the years, Hindenburg has targeted several giants in the tech world. Anderson published a short 2024 report on Roblox in which he described the gaming platform as an “X-rated pedophile hellscape.” Weeks later, Roblox launched a new safety feature for parents on the platform. Hindenburg also shortlisted publicly traded technology companies such as Super Micro and Block. Hindenburg also developed a reputation for taking on some of the hottest electric vehicle startups. Hindenburg is targeting the start of the Nikola hydrogen electric vehicle in the 2020 report, shortly after General Motors announced that it is taking an 11% stake. The short seller claimed Nikola’s truck was not fully operational, and accused the company’s leadership of nepotism. A government investigation into Nikola followed the Hindenburg report, and ultimately, led to a settlement with the SEC and the conviction of Nikola’s founders on securities and wire fraud charges. In 2021, Hindenburg published a brief report on Lordstown Motors, which claimed the electric car maker had faked preorders for EV trucks. Those claims are largely true, according to the Securities and Exchange Commission, which charged the EV company with misleading investors and forced it to pay $25 million.
