Tag: Crumbled

how the company crumbled under its founders’ whims

An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible grand tourer EV with up to 600 miles of range. A “fully connected mobility device” for young urban innovators to be built by Foxconn and priced under $30,000. The next Popemobile. Over the past eight years, famed vehicle designer Henrik Fisker […]

how the company crumbled under its founders’ whims

An autonomous pod. A solid-state battery-powered sports car. An electric pickup truck. A convertible grand tourer EV with up to 600 miles of range. A “fully connected mobility device” for young urban innovators to be built by Foxconn and priced under $30,000. The next Popemobile. Over the past eight years, famed vehicle designer Henrik Fisker […]

How Putin’s gas empire crumbled

russia gazprom Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine. That is why the nation’s economy – if one believes Moscow’s figures – has held up better than might have been expected in the face of Western sanctions. Rather than reflecting anything remotely like prosperity, the statistics show more […]

Why SoFi Technologies Stock Crumbled Today

Shares of red-hot fintech SoFi Technologies (NASDAQ: SOFI), which more than doubled in 2023, are stumbling out of the gate in 2024. After sliding 3% on Jan. 2, the first trading day of the New Year, SoFi fell further Wednesday morning, with the stock losing an additional 13.5% through 11:35 a.m. ET. I blame investment […]