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This "marketing stunt" raised their stock price by 8.95% today because people ran to buy stock since it signaled a changed in strategy. It is not "market manipu
by rburhum 6y ago
This "marketing stunt" raised their stock price by 8.95% today because people ran to buy stock since it signaled a changed in strategy. It is not "market manipulation", but I hope somebody gets slapped in the wrist for this.
- Digory 6y agoI'd be shocked if there wasn't a shareholder class action. I'd almost think they had to price it in, but VW really seems to misunderstand regulatory risk. If a car was going to have shrimp tails in it, it'd be VW.