Porsche. $100b Profit.
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I love this. Porsche's silent takeover of VW resulted in only 5% of VW's shares actually being liquid, while short sellers committed to 12%. Har har har har har har har har har.
And so the hedge funds, the short sellers, the 'Locusts', wept down their phones as 'payback' was delivered.
Har har har har har har har
Course, now the hedgies are claiming that somehow Porsche broke rules doing this, and they're not to blame for making stupid bets they couldnt cover.
Har har har har har har
