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After missing $2.1 billion, Wirdcard’s CEO exists

Nabanita Dutta

News Editor
Image Credit: shortpedia

Markus Braun, the Chief Executive Officer of Wirecard AG has resigned after the company has disclosed that a huge chunk of $2.1 billion cash is missing. After it was revealed, the company has faced a few catastrophic days as the share prices collapsed drastically. Followed by Braun's exit, the company is currently facing a cash crunch as it has witnessed a 52% plunge as of Wednesday, according to the reports.