delicious_tvarog@lemmy.worldtoTechnology@lemmy.world•WeWork announces 1-for-40 reverse stock split to retain New York listingEnglish
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1 year agoMerge implies more than one company merging together to become one, which I’m guessing is why we have the term “reverse split”
The PPP adjustment is going to inflate the values in low cost of living states/nations; cost of living correlates pretty well with average income (i.e. don’t travel to Switzerland unless you like spending money), which means all those eastern European countries and southern states with lower average incomes are going to get a leg up on central/western Europe.
We’re approaching BadEconomics territory