Wall St is a manipulated market. Latest evidence: Vietnamese EV worth more than Ford and GM

Posted by freedomforall 1 month ago to Economics
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"Shares of Vietnam-based electric vehicle (EV) maker VinFast soared more than 68% during the first day of trading on the Nasdaq on Tuesday. The company is now worth more than $85 billion, almost twice as much as Ford or General Motors.

According to Refinitiv data, Ford and GM are valued at $48 billion and $46 billion respectively. Tesla is still the world’s largest automaker by market capitalization, at $739 billion, and Chinese rival BYD is in fourth place with a $93 billion valuation."
I did no research to verify the data in this article.
SOURCE URL: https://www.rt.com/business/581363-vietnam-automaker-ford-gm/

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  • Posted by $ mshupe 1 month ago
    This conclusion is without context and without merit. It would help to include the basis for the market capitalization of F and GM and to include the growth potential of this IPO company. Regardless, it is very common for hot issues to soar past a reasonable valuation within the first several days of trading, but it has nothing to do with manipulation by phantom manipulators.
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