Tech: Traders watch for first cracks of $18 trillion bubble

Posted Jan 22, 2022, 8:11 AMUpdated on Jan 22, 2022 at 8:52 am

Darktrace, one of the stars of American cybersecurity, must counter an attack to which it is not accustomed. It comes not from the depths of the Internet but from the financial markets. The stock plunged 7% after it was revealed that ShadowFall, a short seller, has been speculating on its stock falling since October. This investment company is feared because it was founded by Matthew Earl. His duo with Fraser Perring is known for bringing down Wirecard in 2020 by exposing a huge fraud.

The latter, founder of Viceroy Research, recently tackled a myth. Fraser Perring speculates on the decline of the Tesla Group, the most technological of car manufacturers. Last Wednesday, he tweeted that there was a “price dislocation” between Tesla shares and those of historic automakers Toyota and Volkswagen. Despite its 17% decline this year, the group still intimidates, and only 2.6% of its securities are sold short.

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