Charles J. Meyers, president and CEO of Equinix, poses in his office in Redwood City, Calif., Dec. 18, 2018.
Nhat V. Meyer | Bay Digital First Media | The Mercury News via Getty Images
Hindenburg Research on Wednesday took aim at Equinix, the $80 billion data center provider, and accused the company’s management of selling shareholders an “AI pipe dream” while manipulating key metrics to boost the appearance of profitability.
Hindenburg said it had taken a short position against Equinix, meaning it was betting that shares of the REIT would fall.
Equinix shares plunged 7% in pre-market trading on the report. Hindenburg has taken short positions against other big names, including Nikola, Icahn Enterprises and Gautam Adani’s conglomerate.
Equinix did not immediately respond to a request for comment.
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