Social Chain

$PU11 (+25%) is insolvent. After it became known recently that Social Chain AG (known from Höhle der Löwen) had an accounting scandal on its hands and was reprimanded by BaFin, it could not get another capital increase through. There was probably no investor who still wanted to give them money. Now they are insolvent and the CEO has resigned.

mMn an absolutely sensible and well thought-out concept.

Briefly:

- Influencer and social media network with currently almost 86 million followers worldwide. (e.g. Freshtorge, Lochis, Julia Beautx)

- own brands in the areas of food, home&living and beauty&health

- the brand is built up via the networks and the products are sold in own onlineshops

- Marketing consulting and advertising for external clients. (e.g. Sony, Apple, Adidas, CocaCola etc.)

- with Christian Senitz and Wanja S. Oberhof also two absolute top people in the board regarding sales and venture capital.