Volkswagen Short Squeeze
About Volkswagen Short Squeeze
In October 2008, Volkswagen briefly became the most valuable company in the world during a massive short squeeze. Porsche had been secretly accumulating VW shares, revealing it controlled 74 percent of voting rights. Hedge funds that had shorted VW believing the stock would fall were forced to buy at any price. VW stock rose from 200 to over 1,000 euros in days, briefly exceeding 1,000 billion dollars in market cap. The squeeze destroyed billions in hedge fund losses. It was one of the most dramatic short squeezes in market history, occurring during the height of the 2008 financial crisis.
Related Events
GameStop Short Squeeze
In January 2021, retail investors on the Reddit forum r/wallstreetbets drove GameStop stock from 20 ...
Silver Thursday
On March 27, 1980, the Hunt brothers attempt to corner the silver market collapsed. Nelson Bunker Hu...
Euro Introduction
The euro was introduced as an accounting currency on January 1, 1999, and as physical notes and coin...