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Tech: How $2 Billion Goes Missing
Manage episode 265489208 series 2394758
German payments darling Wirecard shocked investors everywhere last week when it announced that the company and auditors could not place over $2 billion in cash the company claimed to have.
Over the days that followed, the true story began to come into picture. In this episode, we unpack the apparent accounting fraud that brought down one of Europe's brightest tech stars and what investors can learn from it.
Stocks: WCAGY
Check out more of our content here:
2043 episodes
Manage episode 265489208 series 2394758
German payments darling Wirecard shocked investors everywhere last week when it announced that the company and auditors could not place over $2 billion in cash the company claimed to have.
Over the days that followed, the true story began to come into picture. In this episode, we unpack the apparent accounting fraud that brought down one of Europe's brightest tech stars and what investors can learn from it.
Stocks: WCAGY
Check out more of our content here:
2043 episodes
All episodes
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