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The story how Volkswagen became the most valuable company is very interesting. Volkswagen was not very well off at the time due to the financial crisis and short-sellers were all over it. At that time, they had open positions for 12% of all common stock. However, Porsche had bought so many shares, that only 6% of shares were free float, thus creating a giant short-squeeze, making Volkswagen the original rich-people's GameStop.