# ![@HindenburgRes Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::892072054148796416.png) @HindenburgRes Hindenburg Research

Hindenburg Research posts on X about roblox, sezl, $pacs, ipo the most. They currently have [-------] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::892072054148796416/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::892072054148796416/c:line/m:interactions.svg)

- [--] Week [-----] +35%
- [--] Month [------] +24%
- [--] Months [---------] +800%
- [--] Year [---------] -96%

### Mentions: [--] [#](/creator/twitter::892072054148796416/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::892072054148796416/c:line/m:posts_active.svg)

- [--] Month [--] -44%
- [--] Months [--] -22%
- [--] Year [--] -85%

### Followers: [-------] [#](/creator/twitter::892072054148796416/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::892072054148796416/c:line/m:followers.svg)

- [--] Week [-------] -0.05%
- [--] Month [-------] -0.22%
- [--] Months [-------] -1.50%
- [--] Year [-------] -3.30%

### CreatorRank: [---------] [#](/creator/twitter::892072054148796416/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::892072054148796416/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[gaming](/list/gaming)  22.02% [finance](/list/finance)  19.27% [stocks](/list/stocks)  15.6% [countries](/list/countries)  3.67% [celebrities](/list/celebrities)  1.83% [social networks](/list/social-networks)  0.92%

**Social topic influence**
[roblox](/topic/roblox) 22.02%, [sezl](/topic/sezl) 10.09%, [$pacs](/topic/$pacs) 6.42%, [ipo](/topic/ipo) 4.59%, [$aph](/topic/$aph) 4.59%, [$nuu](/topic/$nuu) 4.59%, [$aphqf](/topic/$aphqf) 3.67%, [$nuuvf](/topic/$nuuvf) 3.67%, [$cvna](/topic/$cvna) 2.75%, [1](/topic/1) 1.83%

**Top accounts mentioned or mentioned by**
[@kumarmanish8288](/creator/undefined) [@grok](/creator/undefined) [@gothamresearch](/creator/undefined) [@apolloresearchc](/creator/undefined) [@crypto_condom](/creator/undefined) [@svaperpol](/creator/undefined) [@realschlep](/creator/undefined) [@gadgetress](/creator/undefined) [@nanibellary](/creator/undefined) [@claudiannnn](/creator/undefined) [@0xgeegee](/creator/undefined) [@0xfablo](/creator/undefined) [@slomolucre](/creator/undefined) [@crypto_shogun23](/creator/undefined) [@stockjabber](/creator/undefined) [@gemini_edge](/creator/undefined) [@bollwerkai](/creator/undefined) [@mwm76](/creator/undefined) [@riarevealed](/creator/undefined) [@tsxcapitalist](/creator/undefined)

**Top assets mentioned**
[PACS Group, Inc. (PACS)](/topic/$pacs) [Amphenol Corporation (APH)](/topic/$aph) [Carvana Co. (CVNA)](/topic/$cvna) [Roblox Corp. (RBLX)](/topic/$rblx) [April (APRIL)](/topic/april) [Affirm Holdings, Inc. (AFRM)](/topic/affirm) [Riot Platforms, Inc. (RIOT)](/topic/$riot)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Something big soon India"  
[X Link](https://x.com/HindenburgRes/status/1822061498845266212)  2024-08-10T00:04Z 866.1K followers, 11.9M engagements


"NEW FROM US: PACS Group How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers $PACS (1/x) https://hindenburgresearch.com/PACS/ https://hindenburgresearch.com/PACS/"  
[X Link](https://x.com/HindenburgRes/status/1853495690569383943)  2024-11-04T17:53Z 866.1K followers, 413.2K engagements


"Two days later Carvana announced the best quarter in company history featuring a massive earnings beat from re-accelerated loan sales as well as the successful restructuring of its debt. The Garcias are up $427 million on those precisely-timed purchases. (44/x)"  
[X Link](https://x.com/HindenburgRes/status/1874836511193206848)  2025-01-02T15:13Z 866.1K followers, 240.6K engagements


"Soon we will release a report on what we strongly suspect to be the largest corporate fraud in history"  
[X Link](https://x.com/HindenburgRes/status/1617991779504238593)  2023-01-24T21:04Z 866.2K followers, 8.2M engagements


"Gautam Adanis elder brother Vinod Adani has been described by media as an elusive figure. He has regularly been found at the center of the governments investigations into Adani for his alleged role in managing a network of offshore entities used to facilitate fraud. (13/x)"  
[X Link](https://x.com/HindenburgRes/status/1618077664828620802)  2023-01-25T02:45Z 866.2K followers, 405.7K engagements


"Temenos Independent Examination Strikes Us As A Tacit Confirmation Of Accounting Manipulation And Disclosure Violations Spun With Lawyer-Speak And Gaslighting We think CEO Andreas Andreades should resign immediately. $TEMN.SW $TMSNY https://hindenburgresearch.com/temenos-response/ https://hindenburgresearch.com/temenos-response/"  
[X Link](https://x.com/HindenburgRes/status/1781002050278437211)  2024-04-18T16:49Z 866.3K followers, 119.8K engagements


"NEW FROM US: Whistleblower Documents Reveal SEBIs Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal https://hindenburgresearch.com/sebi-chairperson/ https://hindenburgresearch.com/sebi-chairperson/"  
[X Link](https://x.com/HindenburgRes/status/1822308895454282053)  2024-08-10T16:27Z 866.1K followers, 14.1M engagements


"PACS Group is a $6.7 billion Utah-based operator of skilled nursing facilities (SNFs) that serves [-----] patients daily. Its stock is up 104% since its April IPO making it among the most successful IPOs of [----]. (2/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495692842725838)  2024-11-04T17:53Z 866.1K followers, 21.9K engagements


"A Personal Note From Our Founder https://hindenburgresearch.com/gratitude/ https://hindenburgresearch.com/gratitude/"  
[X Link](https://x.com/HindenburgRes/status/1879639928247877738)  2025-01-15T21:20Z 866.1K followers, 3.5M engagements


"We think $RBLX can and should report its internal estimates of de-alted and de-botted metrics so that investors advertisers and regulators can be better informed about the actual number of people on the platform and their genuine level of engagement. (24/n)"  
[X Link](https://x.com/HindenburgRes/status/1843633154856497223)  2024-10-08T12:42Z 887.1K followers, 37.1K engagements


"$RBLX is compromising child safety in order to report growth to investors per our interview with a former senior product designer: If youre limiting users engagement its hurting your metricsin a lot of cases the leadership doesn't want that. (26/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635652350620030)  2024-10-08T12:52Z 887.2K followers, 27.4K engagements


"For the second quarter of [----] in a push toward profitability Roblox reported a 2% year-over-year decline in its trust and safety expenses. (27/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635654800077252)  2024-10-08T12:52Z 887.2K followers, 26.6K engagements


"Core to the problem is that Robloxs social media features allow pedophiles to efficiently target hundreds of children with no up-front screening to prevent them from joining the platform. (28/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635658054873137)  2024-10-08T12:52Z 887.1K followers, 31.2K engagements


"For example in [----] prior to Roblox going public a 29-year-old was caught by police with [---] hours of video footage of him grooming and engaging in explicit behavior with [---] minors using online platforms namely Roblox. (29/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635660571455610)  2024-10-08T12:52Z 886.5K followers, 32.3K engagements


"Media exposs from [----] to July [----] revealed digital strip clubs red light districts sex parties and child predators lurking on Roblox. The National Center on Sexual Exploitation in [----] labeled Roblox a tool for sexual predators a threat for childrens safety. (30/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635663834624517)  2024-10-08T12:52Z 887.2K followers, 31.8K engagements


"Numerous criminal indictments from 2019-2024 allege that sexual predators groomed children in-game ranging from 8-14 years old then kidnapped raped or traded sexual content with them. (31/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635667177484308)  2024-10-08T12:52Z 887.2K followers, 34.4K engagements


"Following years of scandals we decided to perform our own checks to see if the platform had cleaned up its act. As a test we attempted to set up an account under the name Jeffrey Epsteinonly to see the name was taken along with 900+ variations. (32/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635669563752459)  2024-10-08T12:52Z 887.2K followers, 34.1K engagements


"Many were Jeffrey Epstein fan accounts including JeffEpsteinSupporter which had earned multiple badges for spending time in kids games. Other Roblox Jeff Epstein accounts had the usernames @ igruum_minors I groom minors and @ RavpeTinyK1dsJE rape tiny kids. (33/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635672101335510)  2024-10-08T12:52Z 881.9K followers, 32.1K engagements


"We tried to set up an account under the name of another pedophile to see if $RBLX had up-front screening: Earl Brian Bradley was indicted on [---] charges of molesting raping & exploiting [---] children. The username was taken along with variants like EarlBrianBradley69. (34/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635674869874793)  2024-10-08T12:52Z 881.8K followers, 34.1K engagements


"After we found a username we listed our age as under [--] and browsed. By merely plugging adult into the Roblox search bar we found a group called Adult Studios with [----] members openly trading child pornography and soliciting sexual acts from minors. (35/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635677860376958)  2024-10-08T12:52Z 887.2K followers, 58.7K engagements


"We tracked some of the members of Adult Studios and easily found [--] Roblox groups - one with [------] members - openly soliciting sexual favors and trading child pornography. (36/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635680812880355)  2024-10-08T12:52Z 886.5K followers, 41.6K engagements


"The Roblox chatrooms trading in child pornography had no age restrictions. As a reminder Roblox reports that 21% of users are under the age of [--] a number that is likely underestimated given that Roblox has no age verification aside from users seeking 17+ experiences. (37/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635683283370059)  2024-10-08T12:52Z 886.5K followers, 35.4K engagements


"Registered as a child we were also able to access Roblox games like Escape to Epstein Island and Diddy Party. We found over [---] Diddy games including Survive Diddy and Run From Diddy Simulator. (38/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635685506380248)  2024-10-08T12:52Z 886.6K followers, 363.3K engagements


"Since September 2nd [----] third-party monitor Moderation For Dummies has reported [-----] erotic roleplay accounts on Roblox. These include everything from rape/forceful sex fetishes to underage users willing to do anything for Robux. (39/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635688186753095)  2024-10-08T12:52Z 900K followers, 57K engagements


"Users seeking sexual experiences on Roblox are so pervasive that there are thousands of Roblox sex videos on porn sites inviting users of unknown ages to make explicit content on the platform. (40/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635691248333132)  2024-10-08T12:52Z 900.1K followers, 71.4K engagements


"We tested out Robloxs experiences to see what else kids were being exposed to. We quickly encountered images of male genitalia and hate speech in Robloxs school simulator game which had registered [----] million visits with no age restrictions. (41/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635693878440442)  2024-10-08T12:52Z 886.6K followers, 54.3K engagements


"Despite the companys mission to connect a billion users with optimism and civility we found games such as Beat Up Homeless Outside 7/11 Simulator which registered [--] million visits and [-----] favorites before being removed from Roblox. (42/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635696872919534)  2024-10-08T12:52Z 886.6K followers, 55.6K engagements


"Nonetheless Roblox users identifying as [--] years old and up can still beat up homeless people in Beat Up People Outside of 7/11 with over [------] visits. (43/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635700065059135)  2024-10-08T12:52Z 887.3K followers, 91.2K engagements


"LGBTQ+ Vibes is a game available to all ages that has accumulated over [----] million visits and over [------] favorites. Users regularly described lewd sex acts while others used hateful slurs. (46/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635710747963767)  2024-10-08T12:53Z 887.1K followers, 79.5K engagements


"Palestine And Israel Hangout allows kids of all ages to purchase bombs and knives and attack each other. This game has registered [--] million visits and [----] favorites and remains on the platform. (47/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635713805271074)  2024-10-08T12:53Z 887.1K followers, 21K engagements


"Posing as a child in $RBLX's therapy experience our therapist introduced himself as a rapper with only one p. We were advised to run away from home so our therapist could pick us up and let us move into his basement in exchange for paying rent with our body. (48/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635716779397463)  2024-10-08T12:53Z 887.1K followers, 24.2K engagements


"Some games seem to encourage illicit interactions like Public Bathroom Simulator Vibe and XYZ Club Vibe with [--] million collective visits. Both are available to users who self-identify as 9+ years old who can simulate sex in bathrooms wearing skimpy outfits. (49/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635720352854016)  2024-10-08T12:53Z 887.2K followers, 22.1K engagements


"Other Roblox users have identified issues of simulated rape naked users and rampant in-game sexual harassment. (50/n)"  
[X Link](https://x.com/HindenburgRes/status/1843635724052291798)  2024-10-08T12:53Z 887.2K followers, 26.9K engagements


"Moderators described being paid $12 a day to review countless instances of child grooming and bullying with a limited ability to keep perpetrators off the platform permanently. (52/n)"  
[X Link](https://x.com/HindenburgRes/status/1843636542239322487)  2024-10-08T12:56Z 887.1K followers, 14.1K engagements


"Finally $RBLX faces saturation in top markets like U.S. & Europe. It is attempting to keep the appearance of growth alive by adding loss-generating users in markets like Asia per a former employee. Profitability has plummeted despite reporting higher user metrics. (53/n)"  
[X Link](https://x.com/HindenburgRes/status/1843636544655007921)  2024-10-08T12:56Z 887.1K followers, 13.3K engagements


"The conversion rate of incremental new daily active users to paying users has been in steady decline since [----]. Roblox is now expecting advertising to drive incremental growth pitching advertisers by claiming [----] million users spend [---] hours per day on the platform. (54/n)"  
[X Link](https://x.com/HindenburgRes/status/1843636547163402401)  2024-10-08T12:56Z 887.1K followers, 12.5K engagements


"As noted earlier we suspect these metrics are wildly inflated and that the platform poses major reputational risks for advertisers. For instance we found Instagram ads in the same school simulator game that we found Nazi hate speech and photos of male genitalia. (55/n)"  
[X Link](https://x.com/HindenburgRes/status/1843636549532946491)  2024-10-08T12:56Z 887.1K followers, 12.8K engagements


"Overall we think Roblox has adopted the Silicon Valley approach of growth at all costs whether by misleading or outright lying to investors about its key metrics or by opening its platform to dangerous predators and illicit content unsuitable for children. (56/n)"  
[X Link](https://x.com/HindenburgRes/status/1843636552016244951)  2024-10-08T12:56Z 900.1K followers, 70K engagements


"We are short shares of $RBLX. Please see our report for our full disclaimer. (57/n) https://hindenburgresearch.com/roblox/ https://hindenburgresearch.com/roblox/"  
[X Link](https://x.com/HindenburgRes/status/1843636553970753925)  2024-10-08T12:56Z 900.1K followers, 92.9K engagements


"Roblox's response is an abject failure to address the two core allegations in our report including: [--]. Evidence that Roblox has been systematically lying for years about the number of people on its platform and their genuine level of engagement. [--]. That the platform is a pedophile hellscape with no up-front screening replete with child porn trading rings and prolific sexually explicit content all available to children. $RBLX"  
[X Link](https://x.com/HindenburgRes/status/1843694206881059059)  2024-10-08T16:45Z 893.4K followers, 647.6K engagements


"NEW FROM US: Aaron Wagner And Wags Capital From Pro Football To Utah's Latest Disgraced Financial Influencer Last week Wagner was arrested and charged criminally with wire fraud. We began investigating in Aug. '23 with the help of whistleblowers. https://hindenburgresearch.com/wagner/ https://hindenburgresearch.com/wagner/"  
[X Link](https://x.com/HindenburgRes/status/1850873831222542816)  2024-10-28T12:14Z 900.1K followers, 193.1K engagements


"Here are several accounts that are active on Roblox right now through a quick search: (2/x) https://www.roblox.com/users/5164547770/profilefriendshipSourceType=PlayerSearch https://www.roblox.com/users/4337799403/profilefriendshipSourceType=PlayerSearch https://www.roblox.com/users/7435313004/profilefriendshipSourceType=PlayerSearch https://www.roblox.com/users/4880230416/profilefriendshipSourceType=PlayerSearch https://www.roblox.com/users/7231556644/profilefriendshipSourceType=PlayerSearch https://www.roblox.com/users/5164547770/profilefriendshipSourceType=PlayerSearch"  
[X Link](https://x.com/HindenburgRes/status/1852441808816468037)  2024-11-01T20:05Z 877.5K followers, 39.9K engagements


"Last week it was reported that a woman was arrested after using Roblox to instruct a 10-year-old to drop a baby almost killing it. As with almost everything on Roblox there's an 'experience' for it. Here is a game that has been active on Roblox since [----] called "baby dropping simulator" with [------] visits that Roblox has deemed appropriate for users identifying as 9+ years old. Roblox has essentially no up-front screening for its experiences. (3/x) https://www.roblox.com/games/8012172826/Baby-Dropping-Simulator https://www.roblox.com/games/8012172826/Baby-Dropping-Simulator"  
[X Link](https://x.com/HindenburgRes/status/1852441811551134106)  2024-11-01T20:05Z 877.4K followers, 259.2K engagements


"Here is a basic guide for some of the thinly-veiled code phrases being used in the trading of child exploitation content on Roblox: ERP = Erotic roleplay RP = Roleplay JOI = Jerk-off instructions where users instruct others to masturbate. FUTA = A type of Japanese p*rnography. Bio = A request to read the users biography (which generally has a more explicit description of what kind of erotic or illicit content they are seeking). Disk (💿) emoji = Discord a chat app where users can go to directly share illicit pictures and video with essentially zero moderation. Lemonade RP = Urination fetish"  
[X Link](https://x.com/HindenburgRes/status/1852441814227198267)  2024-11-01T20:05Z 888K followers, 42.9K engagements


"Beyond safety for years Roblox has been misleading investors by conflating use of the term people with its metric for Daily Active Users (DAUs) which includes bots and alternate accounts. CEO Baszucki was asked point blank about this in the interview and completely dodged the question. The interviewer failed to follow up. (5/x) https://www.cnbc.com/video/2024/11/01/roblox-ceo-on-earnings-beat-child-safety-and-hindenburg-short.html https://www.cnbc.com/video/2024/11/01/roblox-ceo-on-earnings-beat-child-safety-and-hindenburg-short.html"  
[X Link](https://x.com/HindenburgRes/status/1852441817217909211)  2024-11-01T20:05Z 888K followers, 35K engagements


"More Roblox child exploitation chats: https://www.roblox.com/groups/16499171/Mayas-C0N#/about https://www.roblox.com/groups/12839086/Las-buchona#/about https://www.roblox.com/groups/10622274/Las-amigas-t-xicas#/about https://www.roblox.com/groups/34186236/Content-Deleted-34186236#/about https://www.roblox.com/groups/8522538/Hola-soy-soraya-soy-amable-cari-osa-llorona-losien#/about https://www.roblox.com/groups/15346060/DeityKitty#/about https://www.roblox.com/groups/5850453/cuarentena#/about https://www.roblox.com/groups/7713435/Amigos-en-cuarentena-D#/about"  
[X Link](https://x.com/HindenburgRes/status/1852442551825088766)  2024-11-01T20:08Z 893.6K followers, 23K engagements


"More Roblox child exploitation chats: https://www.roblox.com/groups/14636320/DH-pampers#/about https://www.roblox.com/groups/10518090/Belly-Buttons#/about https://www.roblox.com/groups/32505287/Yes-Just-Chill-and-Chat-With-a-Skunk-Girl-3#/about https://www.roblox.com/groups/15081762/Fartintoiletstall-Fan-Club#/about https://www.roblox.com/groups/3900741/Baddie-Shawtys#/about https://www.roblox.com/groups/32705342/skunk-pinky#/about https://www.roblox.com/groups/6974855/dianes-group-i-guess#/about https://www.roblox.com/groups/15814574/Content-Deleted-15814574#/about"  
[X Link](https://x.com/HindenburgRes/status/1852442553741644235)  2024-11-01T20:08Z 893.6K followers, 45.2K engagements


"More Roblox child exploitation chats: https://www.roblox.com/groups/16960276/s#/about https://www.roblox.com/groups/4257559/CondoRP#/about https://www.roblox.com/groups/34599032/sinful#/about https://www.roblox.com/groups/14079522/Sus-hang-out#/about https://www.roblox.com/groups/8927639/Unstable-Ro-Players#/about https://www.roblox.com/groups/752397/HEATCLAN#/about https://www.roblox.com/groups/8440417/Heater-Gang#/about https://www.roblox.com/groups/34782306/DNS-talking-seat-and-games#/about https://www.roblox.com/groups/7197820/Moon-light-cafe-staff-segabird-is-boss#/about"  
[X Link](https://x.com/HindenburgRes/status/1852442555985858865)  2024-11-01T20:08Z 893.6K followers, 82K engagements


"This video just posted by @RealSchlep exposes an 83000- member Roblox child sexual exploitation chat. It also shows an all ages Roblox predator meetup teeming with pedophiles including one seeking pics from an [--] year old girl. Beacon for safety https://youtu.be/SCiZ83gc5S8 https://youtu.be/SCiZ83gc5S8"  
[X Link](https://x.com/HindenburgRes/status/1852710543691333775)  2024-11-02T13:53Z 893.5K followers, 77.3K engagements


"Despite operating in a highly competitive and highly regulated industry $PACS claims to have discovered a winning turnaround formula for transforming poorly performing SNFs into cash spigots. (3/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495695392588023)  2024-11-04T17:53Z 893.4K followers, 14.7K engagements


"Our 5-month investigation including interviews with [--] former employees competitors and an analysis of 900+ detailed facility-level cost reports revealed that PACS turnaround strategy largely boils down to systematically scamming taxpayer-funded healthcare programs. (4/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495697376506249)  2024-11-04T17:53Z 893.4K followers, 12.7K engagements


"In one key example $PACS abused a COVID-era waiver inappropriately accessing skilled care Medicare benefits for thousands of patients across its national portfolio of facilities according to our investigation. (5/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495699804946597)  2024-11-04T17:53Z 893.4K followers, 11.9K engagements


"We estimate the scheme drove more than 100% of PACS operating and net income from [----] [----] enabling $PACS to IPO in early [----] with the illusion of legitimate growth and profitability. (6/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495702531576192)  2024-11-04T17:53Z 893.4K followers, 11.3K engagements


"In one such case California-based SNF operator ReNew Healthcare settled charges with the DOJ in April [----] for knowingly submitting false Medicare Part A Claims through the waiver based on COVID exposure according to the settlement agreement between ReNew and the DOJ. (9/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495709221212245)  2024-11-04T17:53Z 887.3K followers, [----] engagements


"Former PACS employees in California Texas Ohio and South Carolina explained how PACS engaged in the same scheme as ReNew but at a much larger scale across its national portfolio and for the entirety of the pandemic. (10/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495712115196280)  2024-11-04T17:53Z 888K followers, [----] engagements


"Former Plum Healthcare employees credited the explosion in Medicare revenue to PACS aggressive use of the COVID waiver. (18/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495731107037314)  2024-11-04T17:53Z 887.3K followers, [----] engagements


"PACS quarterly Medicare revenue declined by an estimated $90m in each of the [--] quarters after the COVID waiver expired according to financial statements indicating that it generated hundreds of millions of high-margin Medicare dollars from the scheme leading up to its IPO"  
[X Link](https://x.com/HindenburgRes/status/1853495733564899739)  2024-11-04T17:53Z 887.3K followers, [----] engagements


"One former employee commented on PACS successful IPO crediting the companys seemingly strong financial position to the COVID waiver. (20/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495735964356799)  2024-11-04T17:53Z 887.2K followers, [----] engagements


"Following the waiver scheme PACS Medicare skilled care revenue declined sharply in 2H [----]. But it rebounded in 1H [----] according to PACS financial statements. Former employees described a new trick to get back to COVID-level profitability. (21/x)"  
[X Link](https://x.com/HindenburgRes/status/1853495738589704284)  2024-11-04T17:53Z 887.2K followers, [----] engagements


"California SNFs must minimum staffing requirements specifically for certified nurse assistants (CNAs) to increase their CMS star ratings and to qualify for significant state bonus programs. A former senior PACS manager told us that PACS secretly lists uncertified nurse aides (NAs) as certified in the system in an apparent scheme to cheat staffing ratios"  
[X Link](https://x.com/HindenburgRes/status/1853498390497186225)  2024-11-04T18:03Z 897.6K followers, [----] engagements


"A former manager also detailed a documentation practice whereby $PACS would retroactively add fake RN hours across the board in another apparent scheme to meet minimum staffing requirements boost star ratings and avoid costly penalties. (29/x)"  
[X Link](https://x.com/HindenburgRes/status/1853498393550623013)  2024-11-04T18:03Z 897.6K followers, [----] engagements


"In one example PACS hired a former solar panel salesman with no prior industry experience and installed him as admin of a 132-bed facility. He took the facility from a $1m loss to a $6.8m profit in [--] year during COVID earning $1.6m in his 2nd year as an admin more than 9x the state average comp"  
[X Link](https://x.com/HindenburgRes/status/1853498400437629039)  2024-11-04T18:03Z 893.4K followers, [----] engagements


"PACS two co-founders Jason Murray and Mark Hancock paid themselves $194.5m in dividends prior to the April [----] IPO and have sold $656.5m in stock since. They have also pledged a total of 19m shares for margin loans collectively cashing out an estimated $1 billion since the beginning of COVID"  
[X Link](https://x.com/HindenburgRes/status/1853498402769604817)  2024-11-04T18:03Z 893.4K followers, 10.7K engagements


"Co-founder Jason Murray claimed in a March interview that money isnt a big factor in his life saying: . the best way I feel like I can spend my money is to give it away honestly. (34/x) https://www.youtube.com/watcht=2828&v=Z40-9cIMMZY&feature=youtu.be https://www.youtube.com/watcht=2828&v=Z40-9cIMMZY&feature=youtu.be"  
[X Link](https://x.com/HindenburgRes/status/1853498405357793690)  2024-11-04T18:03Z 893.5K followers, 12.1K engagements


"Since COVID Murray and Hancock have embarked on a spending spree that has included purchasing [--] private jets luxury and commercial real estate and sponsorships of Utahs most popular sports teams despite PACS not operating facilities in the state. (35/x)"  
[X Link](https://x.com/HindenburgRes/status/1853498407433715981)  2024-11-04T18:03Z 877.3K followers, 79.4K engagements


"$SEZL is a Minneapolis-based Buy Now Pay Later (BNPL) company founded in [----]. (2/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413778816901412)  2024-12-18T16:05Z 898.9K followers, 24.6K engagements


"$SEZL is up 2015% in the last year driven by investor confidence that it is a growing profitable business that recently reported 71% year-over-year revenue growth. (3/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413781731995939)  2024-12-18T16:05Z 898.5K followers, 25.2K engagements


"$SEZL trades at a premium 5.5x forward sales multiple representing a 63% premium to peers based on these lofty expectations. (4/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413784772841800)  2024-12-18T16:05Z 899K followers, 14.8K engagements


"But in reality our findings show $SEZL is borrowing expensive capital to make extremely risky loans through a struggling platform that is rapidly losing customers and merchants. All the while insiders are selling stock or cashing out though a massive margin loan. (5/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413787457200560)  2024-12-18T16:05Z 899.1K followers, 13.3K engagements


"$SEZL's Chairman and CEO has pledged $542 million in shares as collateral for a margin loan representing 30% of the companys total shares as disclosed in an obscure footnote on page [--] of a September [----] proxy statement. (6/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413789680242789)  2024-12-18T16:05Z 899K followers, 11.7K engagements


"Insiders have sold $71 million in stock this year including a key pre-IPO investor who has reduced their stake by 87%. (7/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413792301613400)  2024-12-18T16:05Z 899K followers, [----] engagements


"In [----] $SEZL listed in Australia where it faced accusations of being highly promotional withholding negative information from shareholders and engaging in high-risk lending. The stock collapsed following reports of significant bad debts & speculation of bankruptcy. (8/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413795183177956)  2024-12-18T16:05Z 898.9K followers, [----] engagements


"Despite its collapse in Australia as it prepared for its move to Nasdaq $SEZL was able to report profitability in February [----] partly by recording significantly lower provisions for bad loans. The company listed on Nasdaq in August [----]. (9/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413797754294547)  2024-12-18T16:05Z 899K followers, [----] engagements


"However filings show $SEZL borrows at a 12.65% interest rate to lend to extremely high-risk consumers whose credit is so bad that they are unable to access traditional credit cards or loans and use BNPL options for otherwise everyday purchases. (10/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413800644100360)  2024-12-18T16:05Z 899K followers, [----] engagements


"$SEZL earnings growth in [----] was significantly driven by issuing lower-quality loans despite consumers already being stretched w/ rising credit card delinquencies. While Sezzles loan book grew by just 6% year over year its provisions for credit losses grew by 130%. (11/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413804632903727)  2024-12-18T16:05Z 899.1K followers, [----] engagements


"Beyond losing merchants Sezzle has also seen its active customer count decline by 20% since [----] all while key competitors grow rapidly. Oddly despite this the company has reported 2.5x growth in its subscription products which represented 33% of last quarters revenue"  
[X Link](https://x.com/HindenburgRes/status/1869413819786899748)  2024-12-18T16:06Z 899.6K followers, [----] engagements


"$SEZL seems to be boosting near-term subscription numbers with sketchy enrollment practices. It has faced numerous customer complaints for enrolling users into recurring monthly subscriptions without their awareness according to user complaints & the companys own FAQ. (17/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413822118961534)  2024-12-18T16:06Z 899.1K followers, [----] engagements


"Meanwhile consumer complaints about Sezzle are spiking with the company receiving a 1.1-star average rating and [---] complaints over the last three years on the Better Business Bureau (BBB) database. (18/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413825189212266)  2024-12-18T16:06Z 899K followers, [----] engagements


"Overall we think $SEZL has already been left in the dust by peers like Affirm Klarna and Afterpay. The company has reported rosy numbers using short-term tricks giving insiders an opportunity to exit. We do not see Sezzle surviving in the long-term. (19/x)"  
[X Link](https://x.com/HindenburgRes/status/1869413827856769325)  2024-12-18T16:06Z 898.9K followers, 34.6K engagements


"We are short shares of $SEZL. Please see our report for our full disclaimer. (20/x) https://hindenburgresearch.com/sezzle/ https://hindenburgresearch.com/sezzle/"  
[X Link](https://x.com/HindenburgRes/status/1869413830738260383)  2024-12-18T16:06Z 898.9K followers, 86.9K engagements


"12/20 update: $AILE filed for bankruptcy minutes ago. https://www.courtlistener.com/docket/69489185/ilearningengines-inc/ https://www.courtlistener.com/docket/69489185/ilearningengines-inc/"  
[X Link](https://x.com/HindenburgRes/status/1870237280352268405)  2024-12-20T22:38Z 899.2K followers, 82.6K engagements


"12/27 update: - All [--] of the executives previously placed on leave have resigned. - The board "self-reported potential violations of law to the Department of Justice". - $AILE is slated for delisting on January 2nd [----] unless they appeal. https://www.sec.gov/ixdoc=/Archives/edgar/data/1835972/000121390024112871/ea0226043-8k_ilearning.htm https://www.sec.gov/ixdoc=/Archives/edgar/data/1835972/000121390024112871/ea0226043-8k_ilearning.htm"  
[X Link](https://x.com/HindenburgRes/status/1872645795029434545)  2024-12-27T14:08Z 899.5K followers, 40.2K engagements


"Despite facing bankruptcy risks in [----] and [----] $CVNA's stock spiked 284% in [----] with investors believing the companys worst days are behind it. (3/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833535800127645)  2025-01-02T15:02Z 899.5K followers, 103.4K engagements


"However our research including extensive document review and [--] interviews with industry experts former Carvana employees competitors and related parties of the company undertaken over the course of [--] months shows $CVNA's turnaround is a mirage. (4/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833539021377911)  2025-01-02T15:02Z 898.8K followers, 118.4K engagements


"Carvanas business already faces major headwinds. Used vehicle prices have declined 20.3% in the past [--] years according to the Manheim Price Index. Subprime auto loan delinquencies are now higher than during the Global Financial Crisis per Fitch. (7/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833547649056773)  2025-01-02T15:02Z 884.1K followers, 72.3K engagements


"Previously Carvana CEO Ernie Garcia IIIs father Ernest Garcia II sold $3.6 billion in stock between August [----] and August [----]. In the year after he stopped selling Carvanas stock plunged 99% and faced bankruptcy concerns shortly thereafter. (8/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833551293849931)  2025-01-02T15:02Z 898.2K followers, 55.3K engagements


"Since [----] we see the same trend: $CVNA has touted a bright future and posted three consecutive quarters of modest positive net income an aggregate of $245 million despite stress in the used auto market. (9/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833554687086825)  2025-01-02T15:02Z 898.2K followers, 49.6K engagements


"For every $1 in net income it reported the company has added $139 in market cap a $34 billion market cap increase. With $CVNA shares up 42x father Ernest Garcia II has sold another $1.4 billion in Carvana stock. (10/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833557660823627)  2025-01-02T15:02Z 897.3K followers, 68K engagements


"Carvana has told investors for at least [--] years that it is seeking to diversify outside of its relationship with Ally but thus far has not announced new financing partners. (13/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833568733761712)  2025-01-02T15:02Z 898.2K followers, 54.1K engagements


"After calling off an earlier agreement in principle with Carvana around [----] a Wells Fargo senior manager told us: As we dug into it the more we learned the less we liked about it. They cited specific concerns about lax underwriting & related-party loan servicing. (14/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833572634505470)  2025-01-02T15:02Z 898.2K followers, 53.8K engagements


"As subprime auto has declined Ally has amended its arrangement with Carvana [--] times in the last two years. Each time Carvana redacts crucial information that would help investors understand the terms of the relationship. (15/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833575071379563)  2025-01-02T15:02Z 898.2K followers, 52.4K engagements


"Over the last [--] years Allys loan book has become increasingly concentrated with $CVNA loans rising from 5% of its consumer auto portfolio to 8.4%. In Sept. [----] Allys stock fell 20% after warning on the retail auto side our credit challenges have intensified. (16/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833577608974506)  2025-01-02T15:02Z 898.8K followers, 57.8K engagements


"These suspected financing games are occurring as Carvana faces major economic headwinds 44% of loans for cars purchased since [----] are underwater per a recent survey from CarEdge. (21/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833591731171452)  2025-01-02T15:02Z 898.3K followers, 32.8K engagements


"Carvanas originate to sell model is highly skewed to packaging non-prime and subprime borrower loans. Per a former Carvana director: I don't think the model is much different than what we saw with kind of the early [----] mortgage-backed securities". (22/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833594663010449)  2025-01-02T15:02Z 898.3K followers, 30.7K engagements


"Almost 44% of Carvanas loans it sells in ABS deals are non-prime. Over 80% of its recent non-prime ABS deals have weighted average FICO scores in the deep subprime range the riskiest levels per Morningstar data. (23/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833596957270065)  2025-01-02T15:02Z 898.2K followers, 35.9K engagements


"Carvana has issued over $15.4 billion of asset-backed securities (ABS) which it retains partial interest in on its balance sheet. 60-day delinquencies across its supposedly prime borrowers are over 4x industry averages. (25/x)"  
[X Link](https://x.com/HindenburgRes/status/1874833602976055710)  2025-01-02T15:02Z 900.1K followers, 42.8K engagements


"Carvana's subprime loans had the highest increase in borrower "extensions" of any subprime auto issuer a major sign of stress per S&P data. Carvanas extensions more than doubled this year while most peers saw declines. (27/x)"  
[X Link](https://x.com/HindenburgRes/status/1874836466079285748)  2025-01-02T15:13Z 898.3K followers, 27K engagements


"With its market collapsing Carvana has propped up its numbers through a grab bag of related-party accounting games. (28/x)"  
[X Link](https://x.com/HindenburgRes/status/1874836468977582421)  2025-01-02T15:13Z 898.3K followers, 24.2K engagements


"Finally Carvana is subject to an undisclosed SEC investigation per Disclosure Insight a Freedom of Information Act (FOIA) intelligence firm. We think the company should clarify to the market whether it has faced SEC investigations and their status. (48/x)"  
[X Link](https://x.com/HindenburgRes/status/1874837186652356665)  2025-01-02T15:16Z 900K followers, 14.4K engagements


"Overall we think the Garcias will leave shareholders with nothing. At any point in Carvanas two incredible stock runs it could have raised significant capital and de-risked its balance sheet. (49/x)"  
[X Link](https://x.com/HindenburgRes/status/1874837189902881222)  2025-01-02T15:16Z 900.1K followers, 12.4K engagements


"$RIOT via @Gadgetress https://www.denverpost.com/2018/02/11/riot-blockchain-bioptix-castle-rock/ https://www.denverpost.com/2018/02/11/riot-blockchain-bioptix-castle-rock/"  
[X Link](https://x.com/HindenburgRes/status/962886498688421890)  2018-02-12T03:10Z 887.8K followers, [--] engagements


"$RIOT just filed to withdraw its registration statement https://www.sec.gov/Archives/edgar/data/1167419/000107997318000105/riot_rw.htm https://www.sec.gov/Archives/edgar/data/1167419/000107997318000105/riot_rw.htm"  
[X Link](https://x.com/HindenburgRes/status/963546119144988674)  2018-02-13T22:51Z 887.3K followers, [--] engagements


"NEW: Could Rampant Red Flags Drown Aphria's Proposed Nuuvera Acquisition $NUU $NUUVF $APH $APHQF https://seekingalpha.com/article/4157864-rampant-red-flags-drown-aphrias-proposed-nuuvera-acquisition https://seekingalpha.com/article/4157864-rampant-red-flags-drown-aphrias-proposed-nuuvera-acquisition"  
[X Link](https://x.com/HindenburgRes/status/976458999242649600)  2018-03-21T14:02Z 881.2K followers, [--] engagements


"Major red flags with Aphria's proposed Nuuvera acquisition. Here is the intro to our piece: $NUU $NUUVF $APH $APHQF https://seekingalpha.com/article/4157864-rampant-red-flags-drown-aphrias-proposed-nuuvera-acquisition https://seekingalpha.com/article/4157864-rampant-red-flags-drown-aphrias-proposed-nuuvera-acquisition"  
[X Link](https://x.com/HindenburgRes/status/976495268244983813)  2018-03-21T16:26Z 881.2K followers, [--] engagements


"NEW: Aphria Insiders Disclose Stake In Nuuvera's Initial Financing Round Just [--] Day Before Expected Deal Closing $NUU $NUUVF $APH $APHQF https://seekingalpha.com/article/4158361-aphria-insiders-disclose-stake-nuuveras-initial-financing-round-just-1-day-expected-deal https://seekingalpha.com/article/4158361-aphria-insiders-disclose-stake-nuuveras-initial-financing-round-just-1-day-expected-deal"  
[X Link](https://x.com/HindenburgRes/status/976935724195962880)  2018-03-22T21:36Z 881.2K followers, [--] engagements


"Ahh so right after we release the Aphria/Nuuvera short report someone tries to hack our voicemail. Nice $NUUVF $APHQF $APH $NUU"  
[X Link](https://x.com/HindenburgRes/status/976973827610763264)  2018-03-23T00:08Z 881.2K followers, [--] engagements


"Surprise surprise. Who else participated in these early Nuuvera funding rounds How many family members affiliates or deal partners of Aphria's executives and advisors SHAREHOLDERS DESERVE FULL DISCLOSURE ON THIS DEAL $APH $NUU https://www.theglobeandmail.com/report-on-business/aphria-insiders-held-shares-in-takeover-target-didnt-disclose/article38350621/ https://www.theglobeandmail.com/report-on-business/aphria-insiders-held-shares-in-takeover-target-didnt-disclose/article38350621/"  
[X Link](https://x.com/HindenburgRes/status/978067323549573120)  2018-03-26T00:33Z 881.2K followers, [--] engagements


"Hey $RIOT that's weird where'd all your cash go Ohhhhhhh"  
[X Link](https://x.com/HindenburgRes/status/997293914750115841)  2018-05-18T01:52Z 875.3K followers, [--] engagements

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