Not good for a company to receive funds from investors that we now know stole and grifted from their customers.
Wonder if this company is all just smoke and mirrors at this point. Never heard of this company prior to the Amazon investment.
Kind of reminds me of the Amazon and Rivian partnership. This nobody EV company gets an investment from Amazon, interest/hype boosts potential revenue/preorders. Valuations spike to billions. IPO debuts at ~$120/share. Insiders sell shares. Hype wears off. Now it’s trading at ~$21/share.
Wonder if this company is all just smoke and mirrors at this point. Never heard of this company prior to the Amazon investment.
Kind of reminds me of the Amazon and Rivian partnership. This nobody EV company gets an investment from Amazon, interest/hype boosts potential revenue/preorders. Valuations spike to billions. IPO debuts at ~$120/share. Insiders sell shares. Hype wears off. Now it’s trading at ~$21/share.