> But yeah, how they missed that is hard to comprehend.
Look at the German DAX and what is in there. That is explanation enough. Heavy industry, consumer goods, banks, insurances. The only IT company other than Wirecard is SAP and it is not exactly known for innovation.
Everyone, especially politics, wanted Wirecard to succeed: the only actually somewhat innovative IT company in the DAX. It's the same pattern with the car industry scandals (not just Dieselgate but also the Porsche attempted takeover) or with Bayer/Monsanto.
Germany doesn't have many "unicorns" so politics will protect them until way too late, for the companies, for the share/stakeholders and the planet.
Look at the German DAX and what is in there. That is explanation enough. Heavy industry, consumer goods, banks, insurances. The only IT company other than Wirecard is SAP and it is not exactly known for innovation.
Everyone, especially politics, wanted Wirecard to succeed: the only actually somewhat innovative IT company in the DAX. It's the same pattern with the car industry scandals (not just Dieselgate but also the Porsche attempted takeover) or with Bayer/Monsanto.
Germany doesn't have many "unicorns" so politics will protect them until way too late, for the companies, for the share/stakeholders and the planet.