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 scandals mentioned in the text regarding Wirecard?

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How long had Wirecard been under scrutiny before the allegations were made?

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What challenges are faced by the creditors of Wirecard according to the text?

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What is the significance of Delivery Hero replacing Wirecard in the DAX?

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What is the general sentiment about the future of tech companies in Germany as expressed in the text?

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