old.reddit.com
Commenter: 'A breakdown of CVNA Market strategy.
'Company A buys your car for $8,000, which is worth 10,000. Company A then creates company B under new name. Company B buys the car from Company A for $15,000, showing an 80% margin. Company A stock price skyrockets. Company B then sells your car for $10,000, taking a 30% loss. Company B files for bankruptcy. Company A insiders sell billions of stock at inflated price, then take some of that money and create Company C. Rinse and fucking repeat.'
‘Where does company B get the money to buy the car for $15k?' 'Company B owns shares in Company A. Uses the shares to take out a loan.’
Commenters noted there's no way S&P doesn't know it's a scam, yet included the company in S&P anyway, raising their suspicions about S&P.