BUSINESSJul 31 · 04:00 UTCBLOOMBERGPatrick Sykes, Tugce Ozsoy and Ugur Yilmaz

Kontrolmatik’s Rise and Fall Burns Turkey’s Retail Traders

Small-time investor Riza Gundogdu invested in Kontrolmatik Enerji ve Muhendislik AS, expecting it to be the next Tesla. The company's rise and fall negatively impacted Turkey's retail traders.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Kontrolmatik Enerji ve Muhendislik ASorganizationRiza GundogdupersonTeslaorganizationTurkeyplaceretail traderstopic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

POLITICSMay 22 · 11:14 UTC
Turkey seeks to calm investors after opposition ruling sparks sell-off
BUSINESSApr 24 · 05:45 UTC
Behind the 40,000% Stock Surge That’s Mystifying Traders in Turkey
BUSINESSJun 1 · 07:04 UTC
Turkey’s Economy Surprises With Slower Than Expected Growth
POLITICSApr 19 · 12:30 UTC
Emerging-Market Bond Sales Are Soaring Again as Investors Dive Back Into Risk
BUSINESSMay 15 · 15:30 UTC
Turkey’s Kontrolmatik Defaults on 450 Million Liras Debt
BUSINESSJul 8 · 01:01 UTC
S&P Dow Jones Warns of Potential Frontier-Market Cut for Turkey