Business

Nikola founder Trevor Milton deletes Twitter account amid fraud claims

1 month ago   |   By New York Post

Nikola founder Trevor Milton has not only walked away from his electric truck company, he's abandoned his Twitter account as well. The former chief executive of the Tesla challenger - who stepped down from his post Monday amid a storm of fraud allegations from a short-seller - on Tuesday deleted his profile on the social...
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Nikola founder Trevor Milton - who stepped down Monday following fraud allegations - still owns a $2.6 billion stake in the company

Nikola founder Trevor Milton - who stepped down Monday following fraud allegations - still owns a $2.6 billion stake in the company

1 month ago   |   By Business Insider

Summary List Placement
Trevor Milton stepped down from his position as executive chairperson of electric truck startup Nikola on Monday after fraud allegations against the company were published by short-selling firm Hindenburg Research, accusing Nikola of lying about its products and deals with other companies .
The company announced that Stephen Girsky, former vice chairman of General Motors and a member of Nikola's board, will step into the chairperson role immediately.
Even after his resignation, Milton still owns a huge stake in the company, worth as much as $2.6 billion. However, his...
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Uber And Lyft Must Make Drivers Employees, California Court Rules

Uber And Lyft Must Make Drivers Employees, California Court Rules

The ruling is a blow to Uber and Lyft, which have argued they are not subject to state labor law. But the court's order could still be upended by a ballot measure backed by the... Read more ...

‘Big Guy' Joe Biden was PERSONALLY involved in China venture, Hunter Biden's...

‘Big Guy' Joe Biden was PERSONALLY involved in China venture, Hunter Biden's business partner says

Investor Tony Bobulinski says he personally met with Joe Biden to discuss a joint venture with a Chinese company, accusing his son Hunter and the Biden family of using the... Read more ...

The top 5 takeaways from the first meeting of the FDA's expert vaccine...

The top 5 takeaways from the first meeting of the FDA's expert vaccine group, including plans for vetting, distributing, and tracking COVID-19 vaccines

Summary List Placement An influential advisory group to the US Food and Drug Administration met on Thursday to discuss coronavirus vaccines for the first time. The committee... Read more ...

Chicago bans indoor service at bars, imposes 'business curfew' of 10 p.m. as...

Chicago bans indoor service at bars, imposes 'business curfew' of 10 p.m. as coronavirus cases rise

CHICAGO - Chicago will face additional coronavirus restrictions starting Friday including a ban on indoor service at bars which don't serve food and a business curfew of 10... Read more ...

Hunter Biden's ‘don't mention Joe' ex-partner to be Trump's debate guest

Hunter Biden's ‘don't mention Joe' ex-partner to be Trump's debate guest

President Trump has invited former Hunter Biden business associate Tony Bobulinski to Thursday night's debate against Democratic challenger Joe Biden, sources said. Bobulinski... Read more ...

US stocks gains as encouraging labor-market data overshadows stimulus...

US stocks gains as encouraging labor-market data overshadows stimulus uncertainty

Summary List Placement US stocks slid on Thursday as investors weighed better-than-expected weekly jobless claims against continued stimulus negotiations between House Speaker... Read more ...

Goldman Sachs unit pleads guilty to US charges over role in 1MDB scandal

Goldman Sachs unit pleads guilty to US charges over role in 1MDB scandal

Goldman Sachs Malaysia, a unit of the Wall Street investment banking group, on Thursday pleaded guilty to US Department of Justice charges over its role in Malaysia's 1MDB... Read more ...

Senate subpoenas Facebook, Twitter CEOs over handling of Post's Hunter Biden...

Senate subpoenas Facebook, Twitter CEOs over handling of Post's Hunter Biden story

Mark Zuckerberg and Jack Dorsey are being called to Capitol Hill to answer for their companies' censorship the New York Post's expose on the Biden familly's foreign business... Read more ...

Goldman Sachs will pay nearly $3 billion to settle US charges over its 1MDB...

Goldman Sachs will pay nearly $3 billion to settle US charges over its 1MDB scandal and will reduce the pay of CEO David Solomon and top executives

Summary List Placement Goldman Sachs on Thursday agreed to pay nearly $3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal, and its Malaysia unit... Read more ...

The '60 Minutes' interview is embarrassing for Trump, but much like the...

The '60 Minutes' interview is embarrassing for Trump, but much like the Zelensky call he's in complete denial

Summary List Placement President Donald Trump's decision to share an uncut video of a "60 Minutes" interview that he abruptly left is reminiscent of his decision to release the... Read more ...