The Collapse of EV-Charger SPACs: ChargePoint CEO Sacked, CFO out, Revenues Plunge, Losses Mount, Shares -96% from Peak. EVgo Not Far Behind by Wolf Richter • Nov 17, 2023 • 131 Comments With EV charging, America is divided into two parts: Tesla’s network and everything else.
Overindebted Out-of-Cash Sleep Number Blames Consumers for Results of Years of Mismanagement. Shares Collapsed 92% from Peak Consensual Hallucination by Wolf Richter • Nov 8, 2023 • 125 Comments This is the kind of chart my pantheon of Imploded Stocks is full of, driven by what I call “consensual hallucination” that then vanished.
WeWork Finally Files for Bankruptcy two Years after Going Public via SPAC. Office Landlords, CMBS Holders Face the Music, Stockholders Wiped Out by Wolf Richter • Nov 7, 2023 • 94 Comments Spent its entire life burning $13.8 billion of investor cash. Landlords got free manna from heaven and can’t complain. A good scheme while it lasted for everyone but investors.
Teladoc’s Investors Came out of Consensual Hallucination and Smelled the Bad Breath? by Wolf Richter • Oct 24, 2023 • 65 Comments Down 94% from the infamous February 2021. These kinds of goofball charts are stunning — and now totally common.
EV SPAC VinFast Collapses 92% in 31 Trading Days, $213 Billion in Fake Market Cap Evaporated in Hilarious Manner by Wolf Richter • Oct 10, 2023 • 135 Comments Obviously, this kind of idiocy should never happen in a healthy stock market. But it has happened a lot.
It’s the Smart Money that Took a 77% Loss on Instacart, Not Retail Investors by Wolf Richter • Sep 25, 2023 • 115 Comments Instacart enters my pantheon of Imploded Stocks.
AMC Wipes Out its Meme Stock Groupies, Shares Plunge to New All-Time Low by Wolf Richter • Aug 28, 2023 • 89 Comments It’s hard to manipulate up a stock via even the best meme-stock tactics when a company sells hundreds of millions more shares into every rally.
Peloton Pukes, Stock Sallies to New Record Low, -97% from Peak by Wolf Richter • Aug 23, 2023 • 138 Comments Consensual Hallucination was so much fun while it lasted.
The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge by Wolf Richter • Aug 9, 2023 • 146 Comments The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
Yellow Files for Bankruptcy and Liquidation. CEO Blames Teamsters in Stunning Detailed Announcement by Wolf Richter • Aug 7, 2023 • 178 Comments “All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
