After some (offscreen) ingesting, Ebba reveals that Matsson has been artificially inflating GoJo’s subscriber numbers in India. Because of this GoJo’s excessive inventory worth is constructed on fraud and that worth will plummet when the reality comes out. Kendall and Roman are ecstatic since they now have a option to kill the deal — it is attainable that Matsson cannot really afford to pay the $192 per share acquisition of Waystar he supplied. The inform that Matsson might be in actual bother comes when Kendall tells Frank (Peter Friedman) about this. Frank, not like the Roy siblings, is a critical particular person. So, if he acknowledges GoJo’s false numbers as an issue, then it’s one.
Musk has engaged on this form of inventory manipulation. On August 7, 2018, he tweeted, “Am contemplating taking Tesla personal at $420. Funding secured.” The funding was not, the truth is, secured, and Musk didn’t take Tesla personal. Nonetheless, the corporate’s inventory nonetheless went up as a result of traders did not need to miss out on a possible payday.
Musk was in flip sued by the Securities and Exchanges Fee (SEC) with the cost of creating false statements to inflate his firm’s inventory. He and Tesla had been finally ordered to every pay a $20 million superb, and Musk needed to step down as firm chairman (he sidestepped this by remaining CEO). In 2023, Musk and Tesla had been discovered not liable in a civil go well with by traders lured in by the 2018 tweet, nevertheless.