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WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
no material impact to v,ma since these are international schemes but pypl can gain from it. In fact, if other payment processors don't take wirecard's space, then v/m will stand to lose revenues. v/m are not payment processors. adyen will stand to gain the most since it's also EU centric and broadening global coverage especially asian merchant acquiring region.Best news ever for V, MA and PYPL.
WireCard Dropped 60% on thursday, friday dropped another 50% so far!!!! what are your thoughts?
It's been common knowledge for at least five years now that Wirecard was dirty. The only surprising thing is that it took such a long time for it all to cave in.
They lost $2b+ worth of crypto thats why.....lol
I don’t think that’s correct. They’re missing $2B in cash.
May I ask how did you obtain this information?
I was just about to invest before it imploded
I don’t think that’s correct. They’re missing $2B in cash.
May I ask how did you obtain this information?
I was just about to invest before it imploded
Business model itself is fine, just making money as a middleman.
Seems that the centre of the fraud is in SG itself. That said, I am tempted to take a small stake. Treat as gambling. LOL....
Business model itself is fine, just making money as a middleman. If I enter, it will probably be in these few days. But the risks are real.
Nah mate it’s not. $2 billion (the amount of faked profit) is their entire profit since 2012—that is, once you strip out the fraud, Wirecard hasn’t turned a profit in nearly a decade. And they’re about to have their bank lines pulled. Buying WDI here is a sucker’s bet.