Oatly is allegedly bamboozling its investors, overstating revenues and profits even as it loses market share, according to an explosive report by a short seller. The Swedish maker of oat-based milk substitutes — which listed its shares on the Nasdaq in a splashy May debut that valued it at more […]
Étiquette : accounting
Wirecard says missing $2.1 billion likely does not exist
The $2.1 billion that went missing from Wirecard’s accounts likely never existed in the first place, the German payments processor said Monday as a massive financial scandal engulfed the company. Wirecard admitted last week that it couldn’t confirm the existence of some 1.9 billion euros attributed to its bank trust […]