Trump recently bragged that he has "a much bigger net worth" than Mitt Romney, who he said is "basically a small business guy." "I'm a much bigger businessman. … I mean, my net worth is many, many, many times Mitt Romney's," Trump said. The big business man has wrangled with...
Trump's current businesses give only a partial picture of his record as a businessman. Over the course of his several decades as a real estate executive, he has created a long list of companies that have been sold or dissolved, or which have gone bankrupt. Trump companies have filed for ...
Vance only served on one board during his time with the company—AppHarvest, a food production company operating indoor farming in Appalachia. The company went bankrupt in 2023, two years after Vance had left the board. Overall,according to Pitchbook, Vance was listed as lead partner on nine ...
EV company pricedeclinesfrom the IPO price include Fisker (-99%), Nikola (-94%), NIO (-50%), Lucid Group (-75%), and Rivian (-88%). Six others of the 31 companies went bankrupt. Tesla and Chinese firms BYD and Li Auto are the only EV firmsprofitabletoday. ChargePoint is the wor...
“Revenue went down, or didn’t grow as much as projected, but that doesn’t mean they are all about to go bust,” said Martin Fridson, CEO of research firm FridsonVision High Yield Strategy. For its part, Wall Street isn’t panicking. Investors have been buying stock of some zombies ...
Elon Musk warns rivals Lucid and Rivian that unless they slash costs they’re going bankrupt, by Christiaan Hetzner Twitter, Coinbase, and Redfin are rescinding job offers. It’s a short-term solution that can have long-term consequences, by Paige McGlauflin How to raise venture capital for...
more bankrupt firms than usual are likely to liquidate - like Circuit City. That's why corporate failures are likely to be a major drag on the economy in 2009: In a liquidation, the entire workforce often gets axed, with little or no severance. That will only add to unemployment, which ...