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Commentator Edwin Dorsey has reported that earlier today overseas stock scammers aggressively promoted CRE in various WhatsApp groups.
This aggressive push has resulted in the stock's value dropping by approximately 75% after hours. The incident highlights the potential risks associated with unregulated or poorly monitored financial transactions conducted on social media platforms, where scammers can easily influence unaware investors.
Financial watchdogs and investors are likely to scrutinize these situations closely to mitigate further impact and prevent such occurrences in the future.