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Uhhhh Theranos?
Although to be clear Holmes hasnât gone to jail. Her trial isnât until 2021 due to COVID.
It's going to be Nikola. The CEO is a habitual liar and they've somehow managed to defraud investors into funding their reverse IPO and Ford into investing $2B into a partnership.
All without having sold a single product or having generated any meaningful income.
The Hindenburg report explaining their short position is a great read.
Well someone learned their lesson of the south sea trading company.
Pets.com. Although that might date me a bit đ Remembwr âcolorâ that raised $40M with no product. YikYak erased 1/10 of one of Sequoiaâs funds quickly.
YikYak's an interesting one. Pretty good product, but raised money on promises of a market it later decided to abandon. Goes to show that metrics aren't everything. I wonder what it looked like in the board room meetings...
If you worked in this field you should know â50+ yearsâ is an insane suggestion
They are saying (I think) that self driving cars wonât be the norm or even in regular use by then.
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