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I'm not sure which one is more "impressive," between Wirecard and Quibi, as a mechanism for making around $2 billion disappear. On one hand, Wirecard at least
by cs702 6y ago
I'm not sure which one is more "impressive," between Wirecard and Quibi, as a mechanism for making around $2 billion disappear.
On one hand, Wirecard at least maintained the illusion that the money had not been disappearing, for years and years. They fooled auditors, regulators, and investors all over the world, again and again. That takes major cojones.
On the other hand, Quibi is managing to vaporize the money very quickly with Hollywood glamour and spectacle. If you're going to blow things up, there's something to be said for doing it with style. Peter Sellers would be proud of their unintentional "performance."
At least Wirecard did it intentionally.