Wednesday, September 7, 2016

FT article: Rocket’s writedown raises red flags

"If the internet investor had to knock Euros 2 Billion off the value of one holding, what are the others worth?"
Perhaps only a big Ponzi scheme; those companies not designed to be profitable ever, only to be sold to the original company they had copycatted. But they failed.

FT article: Shares in Rocket Internet fall after writedowns

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