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Sounds like someone at the car manufacturing has a shit ton of IOT stocks and knew exactly what they were doing
by suifbwish 5y ago
Sounds like someone at the car manufacturing has a shit ton of IOT stocks and knew exactly what they were doing
- floatingatoll 5y agoNo, they're just being short-sighted and revenue-first. Think about how the rental car companies sold their idle car stocks and now can't rent cars reliably to anyone.
- fragmede 5y agoThat's what happened, but faced with insolvency, you gotta do what you gotta do. You might really need those cars, but if selling it is the only way you'll make rent and payroll for the month, you gotta sell the cars. It's not a matter of short vs long term thinking, it's a matter of bankruptcy!