Trending
Latest

Equinix accused of ‘major financial engineering, core business decay and selling an AI pipe dream’

A report from Hindenburg Research has caused Equinix's stock to plummet by 4.61% at the market opening, and has had a ripple effect on other companies in the industry. This comes as the nearly US$80 billion REIT confronts significant allegations regarding its business practices, including claims that insiders have profited from cashing out hundreds of millions of dollars in recent years.

By João Marques Lima

Founder and Editor, The Tech Capital

10 Mins

March 20, 2024 | 3:23 PM GMT

Equinix accused of ‘major financial engineering, core business decay and selling an AI pipe dream’

Charles Meyers, CEO and President, Equinix. Source: Equinix

The Tech Capital

Digital infrastructure Real Estate Investment Trust (REIT) Equinix (NASDAQ: EQIX) has come under scrutiny due to suspicions of accounting manipulation and major business challenges.

Premium Article

Subscribe free for unlimited premium access to The Tech Capital.com

The Tech Capital
Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Share this article
Keywords
More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles