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 strategy to kill the deal — it is attainable that Matsson cannot truly afford to pay the $192 per share acquisition of Waystar he supplied. The inform that Matsson might be in actual hassle comes when Kendall tells Frank (Peter Friedman) about this. Frank, in contrast to the Roy siblings, is a severe individual. So, if he acknowledges GoJo’s false numbers as an issue, then it’s one.
Musk has engaged on this type of inventory manipulation. On August 7, 2018, he tweeted, “Am contemplating taking Tesla non-public at $420. Funding secured.” The funding was not, in truth, secured, and Musk didn’t take Tesla non-public. Nonetheless, the corporate’s inventory nonetheless went up as a result of traders did not wish to miss out on a possible payday.
Musk was in flip sued by the Securities and Exchanges Fee (SEC) with the cost of constructing false statements to inflate his firm’s inventory. He and Tesla have been finally ordered to every pay a $20 million fantastic, and Musk needed to step down as firm chairman (he sidestepped this by remaining CEO). In 2023, Musk and Tesla have been discovered not liable in a civil go well with by traders lured in by the 2018 tweet, nevertheless.