The once-mighty German engineering giant ThyssenKrupp is now trading at zero value on the stock exchange, with its shares reflecting the negative value of the company.
The situation is attributed to a combination of poor management decisions and the challenges of operating in the current economic climate in Germany.
One of the major factors behind ThyssenKrupp’s decline is the company’s switch from coal to green hydrogen for steel production. This transition, while environmentally conscious, made selling steel to German consumers prohibitively expensive, further worsening the company’s financial situation.
How do you feel about green energy? Is it really that necessary or is it done for the purpose of developing another one market?
submitted by /u/dll_crypto
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