NQ Mobile A 'Massive Fraud' Worth $0, Muddy Waters Says As $500M Is Wiped Out In Minutes |
| October 25, 2013 | October 2013 Bond Updates |
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Chinse mobile firm NQ Mobile is in trouble after research firm Muddy Waters called the company an absolute fraud, putting a price target below $1 on it and noting it is a house of cards. Shares fell 50% in minutes, wiping out over $500 million in market share. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/10/24/nq-mobile-a-massive-fraud-worth-0-muddy-waters-says-as-500m-is-wiped-out/ |
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