Data center provider Equinix 'selling an AI pipe dream,' Hindenburg Research says in short report
Publishing timestamp: 2024-03-20 13:30:00
Summary
Hindenburg Research accuses Equinix of misclassifying expenses to boost key metric and unlock executive stock grants. Former executives and employees detailed pressure from senior management to manipulate results. Equinix shares fell after the accusations. Company's customers include cloud divisions of Amazon, Google, and Microsoft. Equinix denies the claims and says it is investigating.
Sentiment: NEGATIVE
Tickers: EQIX,
Keywords: breaking news: markets, equinix inc, fraud and false statements, investors, breaking news: technology, crime, markets, business news,