SEC Actually Will Investigate Volkswagen Over April Fools’ Prank
Tim Healey, 30 April 2021
We began April talking about Volkswagen’s April Fool’s Day prank that went awry, and we end the month back on the same topic. Circle of life!
We’re back on that topic because the Securities and Exchange Commission is investigating what happened. We reported, way back at the beginning of the month, that the SEC might investigate. And now, we know that it will. The New York Times says Volkswagen did not deny reports from Der Spiegel and other German media outlets that it is under investigation by the SEC. Continue reading “Article: SEC Actually Will Investigate Volkswagen Over April Fools’ Prank”
‘Voltswagen’ April Fools Stunt Could Backfire Spectacularly
TooFab Staff, 02 April 2021
Volkswagen said the name change was a joke — but not everybody is laughing.
Volkswagen broke a few April Fools rules with its name change prank this week; namely it not even being April Fools Day, and continuously insisting it wasn’t a prank when called out.
But it may have broken even more serious rules after the stunt caused share prices to soar… leading some business experts to predict an investigation into possible stock market manipulation.
The controversy began on Monday (note: that’s March 29, a good deal short of April 1) when the company “accidentally” leaked an incomplete press release, revealing its intention to change its name to Voltswagen to mark its move towards electric vehicles. Continue reading “Article: ‘Voltswagen’ April Fools Stunt Could Backfire Spectacularly”