2 ms·
I find the SoftBank action more credible (even convincing, given the other submissions in which it was discussed) than the split theory. Because there is no ra
by ckastner 6y ago
I find the SoftBank action more credible (even convincing, given the other submissions in which it was discussed) than the split theory.
Because there is no rational way that a company with $27bn revenue rises from ~$130bn to ~$450bn in market cap in three months. I've posted in another thread how VW builds 11 million cars each year, that's 1 out of 8 cars globally, at immense profit, and is valued at €80bn.
In any case, if the cause for the tweet was solely that the stock price was too high, well -- it was $700 back then, so I guess we'll see another split real soon now again.
- thrav 6y agoHave you read about how your example, VW, saw a massive increase in market cap In a similar way in the past? It’s a way that was easily repeatable with enough capital and some ability to influence the public with things like memes, controversy, and celebrities. https://mobile.reuters.com/article/amp/idUSTRE49R3I920081028 https://mobile.reuters.com/article/amp/idUSTRE49R3I920081028
- ckastner 6y agoI remember that day well (it was job-relevant to me when it happened). I'm still amazed how Porsche managed to pull that one off! That's a good example, thank you for sharing it again!