Connect with us

Bloomberg Technology

Nikola Confronts Future With Founder Exit, Stock Plunge

Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

Published

on

Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

Continue Reading
Advertisement
12 Comments

12 Comments

  1. Mondrayish

    September 21, 2020 at 10:55 pm

    A business plan and nothing else that’s worth a 10b market cap valuation? Gtfo here lol.

    • Stephen Jagiello

      September 22, 2020 at 12:03 am

      He gets to sell all his stock without restrictions now worth over a billion……scam of scams

    • Bohr

      September 22, 2020 at 1:19 am

      He merged with another company do your research b4 spewing out nonsense

  2. To Pi

    September 21, 2020 at 10:57 pm

    A dumpster fire of fraud….. Nikola = Theranos Trevor Milton = Elizabeth Holmes

    • Zoltán Kárpát

      September 21, 2020 at 11:29 pm

      They could have made a working prototype for a couple million dollars. And if the guy kept his mouth shut, Iveco would have started production in about 1 year from now and everyone would have been happy… stock rising and all that good stuff …

  3. John D.

    September 21, 2020 at 11:14 pm

    Wouldn’t a change of ceo be a sign that the company is changing? So now they’re going into a manufacturing business instead of a company looking for investors.

    • Mubashir Cheema

      September 22, 2020 at 12:30 am

      Nikola has no product and no technology. It is difficult to run a business when you have nothing of value to offer. Changing leadership doesn’t change that fact.

    • Mubashir Cheema

      September 22, 2020 at 12:32 am

      It’s a little but like saying that if bankrupt Theranos changed their CEO from Elizabeth Holmes to Sunny Balwani, they would all of a sudden become a viable company.

  4. Metacognition88

    September 21, 2020 at 11:17 pm

    Buy the dip. It’s going to be yuuuuge.

    • kvps27

      September 22, 2020 at 12:04 am

      lol… ok

    • All American Dream Chaser

      September 22, 2020 at 12:44 am

      Good luck

  5. All American Dream Chaser

    September 22, 2020 at 12:43 am

    The entire board of directors are BYU graduates. It all leads back to the Mormon Church.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bloomberg Technology

Rocket Explosion Deals Blow to Blue Origin’s Space Ambitions

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the…

Published

on

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as “a very rough day” in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Bloomberg Technology

SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street…

Published

on

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street estimates.

Chapters:
00:00:00 – Bloomberg Tech Begins
00:01:38 – Benedikt Kammel, Bloomberg News
00:05:05 – Shirin Ghaffary, Bloomberg News
00:07:56 – Silas Brown, Bloomberg News
00:12:05 – David Kennedy, Dell Technologies
00:15:40 – Janet Mui, RBC Brewin Dolphin
00:23:33 – Rebecca Torrence, Bloomberg News
00:26:41 – Matthew Weir, Goldman Sachs
00:33:40 – George Ferguson, Bloomberg Intelligence
00:37:59 – Carolina Parada, Google Deepmind
00:40:40 – Loren Grush, Bloomberg News
——–
“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

Like this video? Subscribe and turn on the notifications for Bloomberg Technology on YouTube:

Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

Get the latest in tech from Silicon Valley and around the world here:

Follow Ed Ludlow on Twitter here:
Follow Caroline Hyde on Twitter here:

Connect with us on…
Twitter:
Facebook:
Instagram:

Continue Reading

Bloomberg Technology

Anthropic Valuation of $965 Billion Passes OpenAI

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

Published

on

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
Get the latest in tech from Silicon Valley and around the world here:

Connect with us on…
X:
Facebook:
Instagram:
 
Follow Ed Ludlow on X here:
Follow Caroline Hyde on X here:
 
Listen to the daily Bloomberg Technology podcast here:

 
More from Bloomberg Business
Connect with us on…
X:
Facebook:
Instagram:
LinkedIn:
TikTok:

Continue Reading

Trending