To be fair it’s a payment processor and not really a consumer product

Me too

Me too...Been in Germany many many times however today is the first time I heard about Wirecard

I hear of Wirecard when it turns to be collapsed

I was literally TODAY years old when I first heard of this (*clearly throat 2022).

But the Irony is that German government kinda knew all about Inside Data Fudging but didn't do anything to keep its Homegrown tech giant thriving anyhow....

@Heather Larson Why it's impossible for Europeans to have one?? It's never too late to create e-commerce/e-payment giant....

Exactly! Why didn't they learn from the past?

Dhrubajyoti Raja You clearly have no idea what you talking about 🦍 🦍

@@endagu8098 What Idea??

*Adam Neumann approves this comment* 😁

Every major investment I've heard was from SoftBank has failed. It seems that most of what they touch turns to stone and then crumbles, WeWork, Sprint, Wirecard.

Investors they are- just investors that are taking big losses! Afterall, you can't do well for your clients (Joe and Jane public) all the time.

🤔

Europe, the museum of the old industry

@sameer s Take a look at UK though, their banks are far ahead of US.

Well Adyen is european and they are doing fine

@@dinmavric5504 which banks specifically and far ahead in what?

I worked for the big D. Clients paid our bills, events, and kept us employed. We are incentivized to keep our mouths shut, do the minimum, and give our clients as many tries as humanly possible to get things right. If that is not a broken system, IDK what is?

true. Whoever pays their bill gets their approval. We - the people - need to end the power of the fiscal hegemony.

we need to start setting up a crowd funded or publicly regulated auditors. These four auditors are the hyenas of the capital system who essentially do nothing, blindfold themselves and thus become the reason for all these scandals.

@@knnaveen007 100%

@@Notjimmymaio finally the truth has been spoken.

I belive they are younger, fresh face people who want to do it better. Early stage of carreer, intresting topics to analyze. It’s a sweet job and they do it very well. They should have more space at live TV too

I don't know why you're defending EY. It's an extremely routine procedure to perform a bank confirmation to obtain assurance over the cash balance. If they had trouble or were otherwise unable to obtain the confirmation, that should be a red flag. At minimum they need to perform some other procedure to get comfort over the cash balance, not just trust some pieces of paper they received from wirecard or non-bank third parties.

Michel Bruns of course it is! The authority of a country can suspend all short positions under jurisdiction. Happened in Spain and Italy during quarantine. And some countries want to abolish short positions as we know today

Yeah actually many of Bafin‘s employees where invested in Wirecard. They held more Wirecard stocks than any other Company. Why should they betray their own investment?? So many criminals out there, they already knew more than the whole population...

@@musiclove3676 u think so? I read an article that BaFin employees were the first ones who sold their shares far before the share price crashed.

@@JanischMaximilian ty

@@musiclove3676 That is actually not quite true. BaFin employees were holding Wirecard stock (Why shouldn't they? Wirecard is not a bank despite Wirecard Bank) but the amount of trades that were executed during the fall is not as serious as it was portrayed in the media. If you look into it, you will see that it wasn't as serious. Naturally they would dumb their shares when the company is under forensic auditing by KPMG. Everybody who was holding onto the stock after that KPMG report was an idiot.

Very lax rules and enough money to throw everywhere.

If you see their engagement contract they are not responsible for their opinions 😅

Can you be more specific?,or maybe write down the full infos on the book and the author itself.Thank You.

You're a dreamer. 😥

Fabian Stoll if you don’t have dreams what do you have my friend I got them for £1.50 a unit so I just keep them for now 🤤

@@R_R_7 I certainly don't have faith in them, but if they obliterate current management and all relationships with them, it might be possible

@@R_R_7 I wish you the best. In the worst case you lose your 30 Pounds and if you learn something it isn't so bad. But I am pretty sure the stock price will go to zero.

Uhm, can you explain your last sentence?

@@geoffreycharles6330 Some CEOs, like the one from wirecard, may actually attent kindergarten - judging from his verbal intellect.

Man, auditors are paid by the company they audit! In theory they should be independent, but in reality they are Not! If they start asking too many questions and create issues it will be bad for them. Essentially they are paid hundreds of thousands for their signature and keeping their mouths shut!

Its selling everything to satisfy the bankruptcy. Once done it will be cancelled.

One person suggested Softbank is a Saudi fraud, they cant be this stupid by investing in fraudulent companies. Softbank must be investigated.

Too late you mean

Remember Bearings Bank?