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For reference, Nikola Motors, a fraudulent electric truck manufacturer, has a Market Cap of $4B
by launchaway 5y ago
For reference, Nikola Motors, a fraudulent electric truck manufacturer, has a Market Cap of $4B
- toomuchtodo 5y agoThey have ~$1B cash on hand, so it’s only ~75% fraudulent at current valuation.
- vasco 5y agoThe 25% keep enough people fooled to get enough time to spend the ~$1B.
- jjeaff 5y agoExcept stock price is supposed to indicate discounted future expectations of value. I expect that they will spend that $1B in the future with little to show for it.
- antattack 5y agoThe SPAC has >500mln in Private Investment in Public Equity (PIPE) commitments.
- hn_throwaway_99 5y agoFor comparison, though, "Reebok" is really just the Reebok brand. I mean, I'm assuming all of the production of the actual shoes is outsourced to some sweatshops like all the other shoe manufacturers. Even the article refers to Reebok as "the U.S. brand management firm".
- SheinhardtWigCo 5y agoI think that refers to ABG.
- skinnymuch 5y agoThat’s the acquiring company
- paxys 5y agoWhat is the relevance of this comparison?
- launchaway 5y agoupvotes
- deleted 5y ago[deleted]