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Equinix, Inc.

Company NameEquinix, Inc.
Stock SymbolEQIX

On March 20, 2024 Hindenburg Research published a report alleging, among other things, that Equinix “manipulates its accounting” for its adjusted funds from operations, overstating the metric by approximately 22% in 2023.

On this news, Equinix’s stock price fell $19.70, or 2.3%, to close at $824.88 per share on March 20, 2024, thereby injuring investors.

Then, on March 25, 2024, the Company disclosed that it had received a subpoena from the U.S. Attorney’s Office of the Northern District of California.

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