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Volkswagen = world’s largest company

posted by Jason Kottke   Oct 28, 2008

Volkswagen was briefly the world’s largest company in terms of market cap today.

Volkswagen briefly became the world’s largest company by market capitalisation on Tuesday as panic-buying by hedge funds desperate to cover losses caused its value to shoot up by up to €150bn.

Porsche revealed that it owned 74% of VW instead of the previously assumed 35%…which caused panicked buying by hedge funds. (via mr)

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