Month: September 2020

Nikola, Tesla, Theranos, Fraud! What on earth is going on??

September 16, 2020 2:34 AM

Nikola stock fell about 11 percent on Sept. 10 after Hindenburg Research published a research report accusing the electric-vehicle maker of fraud. The report was published before the stock started trading. Hindenburg’s report claimed that Nikola faked product launches and exaggerated its technology. The fund accused founder Trevor Milton of making multiple deceptive statements over…

Snowflake IPO will test the limits of the Tech mania

September 16, 2020 1:38 AM

Snowflake, a provider of cloud-based data storage and analysis software, priced its IPO above its increased range in an offering that values the company at $33.3 billion. Snowflake is selling 28 million shares at $120 a piece, according to a person familiar with the matter who asked not to be named because the pricing hasn’t…