The report, which alleged the use of tax havens to inflate revenues and manipulate stock prices, triggered a massive drop in Adani Group's stock value by over $150 billion, though the losses were eventually recovered.
Founded in 2017, Hindenburg Research made money by placing bets against companies it investigated, profiting from their stock price declines after exposing fraud and corporate abuses.
Anderson, who gained prominence with a report on electric truck company Nikola and took on major financial figures like Carl Icahn, cited the intense and relentless nature of his work as the primary reason for his retirement.
The story "Hindenburg's Nate Anderson stands by Adani report: 'No threat behind closure'" has 493 words across 16 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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