#bankrupt
Teslaâs Profit Fell 45% in the Second Quarter on Weak E.V. Sales
The company led by Elon Musk is selling fewer electric cars, and its big bets on driverless taxis and artificial intelligence could take many years to pay off.
Well, maybe it's not a brilliant idea after all to make cars that literally look like dumpsters...
Tesla is doomed. Those cars were hyped, but nowdays there are much better options.
https://www.nytimes.com/2024/07/23/business/tesla-q2-earnings-elon-musk.html
Bankrupt - Hyperloop One
Whatever Happened To Virgin Hyperloop One
#Oops #Bankrupt #Hyperloop #FailedTech #ElonMusk #ElonFailedFantasy #Virgin
#Great #Depression at Last! A Meticulously Planned Astonishing Conspiracy Is Concluding Perfectly
#China #Observer
2/6/24
(This video makes a good argument for the idea that the CCP has intentionally ruined China's economy simply in order to stay in power. Though the #people are beginning to speak out more and more, the theory is that since the CCP's police state still has an iron grip over them, the more #bankrupt they are, the less powerful they are.)
"At this juncture, the national policy of "intentional recession" has reached the stage of reaping its final results. Chinese people have had their minds and wallets thoroughly cleansed - the most challenging external factors already eliminated. The trial of the "widespread social control" model has proven highly successful, with little concern about any noteworthy rebellion. "De-industrialization" has undeniably become irreversible."
The Fall of #Babylon Is a #Warning for #AI #Unicorns
Source: https://www.wired.com/story/babylon-health-warning-ai-unicorns/
WIRED spoke to three former employees at Babylon Health to uncover what went so wrong for the darling of the âdigital-firstâ health-tech landscape. What they say about the companyâs collapseâat a moment when VC interest in AI and #health care is at a fever pitchâis a warning about the dangers of backing #hype over delivery.
#news #technology #fail #finance #economy #Bankrupt #Unicorn
'The #Wallet Event': #Crypto #Startup #Bankrupt After Losing #Password to $38.9 Million Physical Crypto Wallet
Rather than write down the seed phrases, Prime Trust opted to laser etch them into a piece of steel called âCryptosteel Hardware,â which are called âWallet Access Devicesâ in the court filings. According to the filing, it lost these devices, which is why it canât get back into the wallet.
#problem #technology #cryptocurrency #finance #economy #news
New Chief Calls #FTXâs Corporate Control a âComplete #Failureâ
source: https://www.nytimes.com/2022/11/17/business/ftx-bankruptcy.html
In a blistering #court filing on Thursday, Mr. Ray described an astonishing level of disarray and said he had never seen âsuch a complete failure of corporate control.â He listed a series of âunacceptable #management practices,â including the use of an unsecured group email for access to sensitive data, and said the financial information maintained by FTX was deeply untrustworthy.
#Crypto #economy #bitcoin #btc #fail #bankrupt #finance #money #news
#FTX Faces Potential #Hack, Sees Mysterious Outflows Totaling More than $600M
More than $600 million in crypto left #bankrupt #crypto company FTXâs wallets late Friday, with little clear explanation as to why.
Soon afterwards, FTX stated in its official #Telegram channel that it had been hacked, instructing users not to install any new upgrades and to delete all FTX apps.
Is all the crypto stuff not safe at all or is someone just trying to get his big piece of the pie to safety before #insolvency?
#news #cryptocurrency #crime #cybercrime #money #economy #internet #hacker #problem
