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Technology share price doubled: Zuckerberg investment Adyen benefits from Wirecard bankruptcy

00:26  07 july  2020
00:26  07 july  2020 Source:   t3n.de

Short bets against Wirecard: Every fourth share sold empty

 Short bets against Wirecard: Every fourth share sold empty © dpa The Wirecard headquarters in Munich. After an ascent and descent, the Wirecard share is uphill - but short bets are difficult for the company. The short positions are said to be 26 percent of the shares. A number of partly prominent companies had and are struggling with so-called short sellers, i.e. investors who bet on falling prices. An example of this is Tesla .

Get today's Wirecard AG stock price and latest WDIG news as well as Wirecard AG real-time stock quotes, technical analysis, full financials and more. This is the main Wirecard AG stock chart and current price . You can find more details by going to one of the sections under this page such as

Deutsche’s Wirecard tap. Four news releases from Wirecard were pinged out by the clunky DGAP German regulatory announcement feed at the close of play on Tuesday. The Wirecard share price had cracked earlier after its board revealed that EY would not be signing off on those pesky accounts

Adyen. © Adyen Adyen.

The Dutch payment service provider Adyen, in which Facebook boss Mark Zuckerberg has also invested, benefits from the Wirecard bankruptcy - the share price has doubled since April.

Since the successful IPO around two years ago, the Dutch fintech Adyen has grown enormously in value. Already on the day of the debut, the price doubled - based on an issue price of EUR 240. The Adyen share currently holds at just under 1,400 euros. In the past three months alone, the share price doubled from just under EUR 700 at the beginning of April. Reason for the current fireworks: Wirecard files for bankruptcy: This happens with customer money .

TOP THEME raid at Wirecard - company boss Braun targeted by investigators

 TOP THEME raid at Wirecard - company boss Braun targeted by investigators * BaFin files criminal charges against Wirecard * Public prosecutors and police search company headquarters * Vowurf of market manipulation * share breaks in late trading - by Jörn Poltz and Hans Seidenstuecker and Patricia Uhlig Munich / Frankfurt, Jun 05 (Reuters) - The entire Wirecard board led by company boss Markus Braun has been reported by the financial regulator BaFin because of suspected market manipulation.

Find the latest ADYEN ( ADYEN .AS) stock quote, history, news and other vital information to help you with your stock trading and investing . Wirecard even toyed with merging with a flagging Deutsche Bank AG, according to my colleagues at Bloomberg News, but the German investment bank

Get today's Adyen NV stock price and latest ADYEN news as well as Adyen real-time stock quotes, technical analysis, full financials and more. This is the main Adyen NV stock chart and current price . You can find more details by going to one of the sections under this page such as historical data

Adyen as the biggest beneficiary of the Wirecard bankruptcy

Like Wirecard, Adyen also offers the processing of payment transactions, for example by credit card. Now many disappointed customers of the insolvent Adyen rival should turn to the Dutch, as the Manager magazine reports . Adyen is therefore one of the biggest beneficiaries of the Wirecard financial scandal. In the first quarter of 2020, Adyen posted sales growth of a good third. Operating profit rose by around 16 percent. For the past second quarter, however, analysts are expecting a dent due to the corona pandemic.

However, analysts such as Sandeep Deshpande from JP-Morgan see 's collaboration with Ebay as well as the continuing trend towards online trading and cashless payment as a long-term recipe for success. In any case, Deshpande has recently raised the price target for the Adyen share from 920 to 1,590 euros. Meanwhile, Barclays Bank analyst James Goodman is less optimistic about the future of Adyen. Goodman has set its target price at € 650.

June 18 - day of decision at Wirecard

 June 18 - day of decision at Wirecard Frankfurt. Rare picture: On Monday, the payment processor's share is the strongest value in the Dax. And Wirecard boss Markus Braun may be facing one of the most important days as CEO: On Thursday the 2019 balance sheet, which has already been postponed several times, will be published. © Peter Kneffel The Wirecard logo (symbol image). investors mainly look to see whether the group receives a certificate for the business figures from the auditors.

Find the latest ADYEN NV (ADYYF) stock quote, history, news and other vital information to help you with your stock trading and investing . Wirecard even toyed with merging with a flagging Deutsche Bank AG, according to my colleagues at Bloomberg News, but the German investment bank

BERLIN (Reuters) - German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of insolvent payments company Wirecard , widening the circle of suspects in its fraud investigation. The Munich prosecutor's office said in a statement that it had questioned the chief

Merger of competitors

may be responsible for the fact that even after the Wirecard bankruptcy, the payment services area will remain highly competitive. Competitor Worldline announced the takeover of Ingenico earlier this year. The deal is said to be worth around eight billion euros. However, the two rivals together are worth just over half as much as Adyen in terms of market capitalization. Incidentally, the enormously increased share value means that the Dutch payment provider could soon move up to the important Eurostoxx 50 index.

Adyen had raised $ 266 million in investments prior to the IPO, including from Iconiq, the company owned by Mark Zuckerberg's family, and other tech giants. The largest shareholder up until the IPO was Index Ventures. In 2015, Adyen was worth $ 2.3 billion.

Also interesting: Wirecard bankruptcy - These cards and services are affected

Siemens boss - Wirecard's control system has failed .
© Reuters / Andreas Gebert The logo of Wirecard AG is pictured at its headquarters in Aschheim Munich (Reuters) - Siemens boss Joe Kaeser is to blame for the scandal surrounding Wirecard among auditors and overseers. "The rules are all there, but they are not followed, the control system has failed," said the head of the Munich technology group of the "Süddeutsche Zeitung" (Thursday edition). "Accounts, cash flows, financial systems have to be checked carefully." The case had to be dealt with u

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