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Cornering the market in a useless item in order to drive up its price? Reminds me of the time Porsche cornered the market in VW shares and squeezed the short-se
by zipdog 13y ago
Cornering the market in a useless item in order to drive up its price? Reminds me of the time Porsche cornered the market in VW shares and squeezed the short-sellers: http://www.telegraph.co.uk/finance/newsbysector/transport/3281537/Porsche-and-VW-share-row-how-Germany-got-revenge-on-the-hedge-fund-locusts.html http://www.telegraph.co.uk/finance/newsbysector/transport/32...
- CamperBob2 13y agoThis didn't end well for Porsche, though, which is now a quavering vassal of Volkswagen AG.
- green7ea 13y agoI wasn't aware of the negative turnout of this until now. I hadn't seen an article since porsche was in a power position. For those who are in that boat: http://www.automobilemag.com/features/news/0911_porsche_and_volkswagen_what_happened/viewall.html http://www.automobilemag.com/features/news/0911_porsche_and_...
- nijk 13y agoAmazing that 74.1% is not considered controlling ownership in German law.
- jfb 13y agoAnd look at how well that turned out.
- baddox 13y agoThe player didn't really "drive up the price by cornering the market." This was just an exploit of an edge case in the game's "average market price" algorithm, and didn't really have anything to do with cornering the market.