Hindenburg Research Twitter gained over ~100K Twitter followers after releasing its report on the Adani Group.
Twitter followers of Hindenburg Research, a well-known short seller firm, saw a significant increase in numbers after the firm released its report on the Adani Group on January 24th. The report, which stated that seven Adani listed companies have an 85% downside on a fundamental basis due to sky-high valuations and substantial debt, caused shares of companies in the Indian conglomerate to drop, leading to a loss of $50 billion.
The report, which was widely covered in the media, sparked a lot of interest and discussion on social media platforms, particularly on Twitter. As a result, Hindenburg Research saw a spike in Twitter followers, as many people wanted to keep up to date with the company’s latest research and analysis.
The firm, which has a reputation for exposing corporate fraud and malpractice, has always been active on social media, regularly sharing its research and thoughts on various companies and industries. However, the release of the Adani report on January 24th saw the firm’s Twitter followers grow at an unprecedented rate, as the report received widespread coverage in the media and sparked discussions and debates on social media.
Here are the daily follower stats of Hindenburg Research twitter:
It gained 76044 followers on Day 1, and on Day 2 it gained 23066. It is not final, it will increase more.
The Adani Group, which is controlled by the world’s third richest man Gautam Adani, has been facing concerns about elevated debt for some time. The Hindenburg report, which came at a time when Adani Enterprises was planning to raise $2.5 billion in India’s largest follow-on public offering, sparked renewed concerns about the financial stability of the group.
Overall, Hindenburg Research’s report on the Adani Group caused a significant decline in the value of Adani Group’s empire and a surge in the firm’s Twitter followers, as many people wanted to stay informed about the latest developments in the story. It also highlights the power of social media in amplifying the impact of research reports and the importance of transparency and accuracy in financial research.