Whoever is running Porsche's financial division is doing the biz! Porsche has done pretty well for itself over the years, but they just took it to a whole nother level.
Read this article for an easily understandable explanation of how Porsche made close to 12 billion Euros on the stock market.
Basically, a bunch of hedge funds tried to make money betting that VW's stock would go down. When it did, they needed to buy it back at that lower price to get it back to the people they borrowed it off. Except Porsche went around picking up all the stock that the hedge funds borrowed. When it came time for the hedge funds to give the stock back, they found that Porsche owned it. And in order for the hedge funds to fulfill their contracts they had to buy the stock off Porsche. Who could then charge whatever they wanted for it. And make a lot of money.
Anyway, read the article, it makes more sense than what I've written.
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