As a result, the stock of FMCN dropped about 40%.
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| 5-day chart of FMCN, from Yahoo! Finance |
Then the next day, the website of this research company was hacked. Here is the image from the website:
Tuesday, November 22, 2011
Looks like the work of Chinese hackers
On Nov. 21, 2001, the equity research firm Muddy Waters rated Chinese company Focus Media (Nasdaq FMCN) a "strong sell," citing a “significant overstatement of the number of screens in its LCD advertising network and its Olympus-style acquisition overpayments.”
As a result, the stock of FMCN dropped about 40%.
Then the next day, the website of this research company was hacked. Here is the image from the website:
As a result, the stock of FMCN dropped about 40%.
Then the next day, the website of this research company was hacked. Here is the image from the website:
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