Wirecard Removed From Dax Benchmark

The video discusses the Wirecard scandal, highlighting two main issues: the accounting scandal itself and the failure to uncover it sooner. Despite longstanding allegations, proper investigations were lacking. Wirecard's insolvency led to asset liquidation, with creditors unlikely to recover much. The company was replaced by Delivery Hero in the DAX index, sparking debate about the suitability of tech companies in traditional indices. Germany's desire to foster a tech industry is evident, but challenges remain.

What are the two main scandals associated with Wirecard?

• Accounting fraud and regulatory failure

• Tax evasion and money laundering

• Insider trading and market manipulation

• Bribery and corruption

What is the current status of Wirecard as mentioned in the video?

• It is merging with another tech company

• It is being wound down due to insolvency

• It is expanding into new markets

• It is launching a new product line

Which company replaced Wirecard in the DAX index?

• Siemens

• Delivery Hero

• Volkswagen

• SAP

What is a concern about Delivery Hero replacing Wirecard in the DAX?

• It has a history of accounting scandals

• It has not yet achieved profitability

• It is not a tech company

• It is based outside of Germany

What is the hope for the German tech industry with companies like Delivery Hero?

• To focus solely on manufacturing

• To increase the number of tech companies in the DAX

• To reduce the number of tech startups

• To maintain traditional business models