Charts of stocks like these – hundreds of them now – are an indictment of the mania in 2020 & 2021. We’ll be shaking our heads for years.
Wait a minute… Six weeks ago, Goldman Sachs & JP Morgan talked investors into buying $600 million of new debt.
Now trying to avoid “a blow that would be irreversible.”
Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
From ridiculously overvalued to troubled.
Bankrupt Voyager gets slapped with a cease-and-desist order from the Fed and the FDIC after it’s way too late.
The startup and VC bubble is tied to a booming stock market, but stocks are unraveling, and that strangles the money flow.
Reverse stock splits keep them from getting delisted. But some didn’t even get that far and filed for bankruptcy, like, WOW that was fast.
Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
That’s what’s different this time: Stuff blows up because of leverage and cascades through the crypto space because everything’s interconnected.