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NIKOLA BANKRUPTCY
Who is Trevor Milton, startup founder convicted of fraud, pardoned by Donald Trump: all you need to knowTrevor Milton is the founder of Nikola in 2014, a startup which designs and manufactures EVs, including semi-trucks and pickup trucks. The ...- US president Donald Trump pardons fraud-convict Nikola founder Trevor MiltonTrevor Milton, the ex-founder of Nikola Corp, who was convicted of fraud for deceiving investors about the electric truck firm’s capabiliti...
- S&P 500 edges to record closing high as Fed minutes parsedU.S. stocks ended modestly higher with the S&P 500 hitting a second straight all-time closing high. The Federal Reserve's January policy me...
- Marvel Rivals achieves success, yet developers face unexpected layoffs as NetEase cuts jobsSeveral Marvel Rivals developers, including the game director, have reportedly been laid off despite the game’s strong performance on Steam...
- Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...
- Nikola shares slump 38% after it goes bankrupt, to sell assets in latest EV market turmoilNikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehic...
- US stocks slide as markets assess latest tariff threatsUS stocks: Wall Street's main indexes declined on Wednesday as investors evaluated President Trump's latest tariff threats and awaited the ...
- Hindenburg Research to shut shop: 7 giants that the US short-seller disrupted in 7 yearsHindenburg Research, founded in 2017, is shutting down after completing its investigations. Known for exposing corporate fraud, the firm ta...
- From market rout to bankruptcy, here's how Hindenburg shook some empiresHindenburg Research shuts down: Hindenburg Research, founded by Nate Anderson in 2017, exposed various high-profile corporate frauds and fi...
- What are EV startups doing to ride out weak demand?Fisker filed for bankruptcy protection due to fundraising difficulties and weak demand for its Ocean electric SUV. Rivian, Lucid Group, and...
- Hindenburg’s Adani, Icahn calls mark year of prominent betsThese successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firm’s prominent bets since ...
- EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...
- EV startups burn through more cash as demand faltersEven market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...
- Huge rallies boost Tupperware, Yellow shares into 'meme stock' clubShares of trucking company Yellow jumped more than 78% on Tuesday, after more than doubling in the previous session, following a news repor...
- Lordstown Motors files bankruptcy, sues FoxconnFoxconn previously invested about $52.7 million in Lordstown as part of the agreement, and currently holds a roughly 8.4% ownership stake i...
- US electric vehicle startups set for another quarter of steep cash burnHaving gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...
- How Adani selloff stacks up against the biggest stock collapsesThe short position put Ackman at odds with fellow billionaire, Carl Icahn, who became the company’s biggest holder. Icahn went on to defend...
- Year of the meme stock: Hertz, Kodak, Nikola top list of 2020 highlightsThe wild swings reflected bets by individuals, many of them new to the market, who looked to brokerage apps like Robinhood Markets to pass ...
- No revenue is no problem in the 2020 stock marketThe remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...
- A $26 billion truck company with zero revenue just surged 103%It’s forecasting zero revenue for 2020 and its first $1 billion year won’t be until 2023.
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