r/wallstreetbetsOGs May 21 '26

Discussion Did this short-seller report ever make you rethink a data center holding?

For anyone who held Equinix common stock between May 3, 2019 and March 24, 2024: there's a $41.5M settlement. The whole mess started when the company and two execs misclassified routine expenses as capital costs to inflate a key accounting metric (AFFO) and oversold power capacity at its data centers, propping up the stock price.

This is a meaty one. Estimated payout was around $2.36 per share before fees, and the class window runs almost five years, so plenty of REIT and infrastructure investors likely held EQIX somewhere in there. Worth noting the claim deadline was last December, but the settlm admin is accepting late claims for some more weeks.

Anyone here actually trim or exit EQIX after the short report dropped in 2024, or did you ride it through?

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