Hindenburg Research targeted data-center REIT Equinix in its latest short report, accusing the company of accounting tricks to unlock executive stock grants.
Hindenburg Research accused data-center REIT Equinix of misclassifying is expenses to boost a key metric and unlock executive stock grants.
Hindenburg said it had taken a short position against Equinix, meaning it was betting that shares of the real estate investment trust, or REIT, would fall. Former Equinix employees and executives said that the pressure to misclassify capex as growth rather than maintenance came"from top management."
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