A whistle-blowing on Angel groups who over-charge and deceive en. Ivan krstić · code culture » How Porsche hacked the financial sy. Adolf Merckle, one of the world’s richest men, committed suicide yesterday by throwing himself under a train, Bloomberg reports. Financial difficulties, and particularly great losses he suffered on Volkswagen stock, are being cited as the key reason he ended his life: [Merckle's company] VEM was caught in a so-called short squeeze after betting Wolfsburg, Germany-based Volkswagen’s stock would fall.
Merckle lost at least 500 million euros on the bets on VW stock, people familiar said on Nov. 18. VEM lost “low three-digit million euros” on VW stock, the company said in November. A “short squeeze” sounds innocuous enough; you wouldn’t tell it by Bloomberg’s language, but Merckle’s Volkswagen bet lost out to one of the most masterful hacks of the financial system in history. For those of us who don’t live and breathe finance, this is that story. In 1931, Austro-Hungarian engineer Ferdinand Porsche started a German company in his own name. After you borrow the stock, you immediately sell it. Business Support - London Connected. In the fast-changing digital music marketplace, skills and knowledge require constant updating. London Connected's business support service provides your business with the help you need to develop your digital strategy whether you are just starting up or an established business seeking to make the most of digital advancements._______________________________________________________________________ London Connected’s digital health checks are a chance for your business to get a free two hour face-to-face meeting with a digital expert who can offer you advice on how to make digital work for your business.
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