Rivian shares leap in market debut, topping value of Ford, GM

Share on facebook
Share on twitter
Share on linkedin
Published by

New York (AFP) – Electric truck maker Rivian soared in its Wall Street debut on Wednesday, making the company worth more than traditional automakers Ford and General Motors. Shares in the company backed by Amazon and Ford leapt as high as 50 percent in its first day of trading, taking Rivian’s market capitalization to more than $100 billion, if stock options and other convertible shares are taken into account — well above Detroit’s legacy manufacturers. The red-hot startup is taking advantage of investor enthusiasm for the electric vehicle sector, where star performer Tesla recently surpassed…

Read More

What Is Going On With Facebook? 5 Whistleblower Revelations

Published by PopCrush Facebook, Instagram, WhatsApp and related apps owned by billionaire CEO Mark Zuckerberg and his company were a chief topic of discussion yesterday (Oct. 4) thanks to a mass outage that lasted for hours. CNBC noted that the six hours of downtime marked Facebook’s longest-running outage since 2008. Zuckerberg and his tech company

Read More »

Leverkusen outclass Leipzig to go third in Bundesliga

Published by DPA A slick performance and goals from Florian Wirtz, Moussa Diaby and Jeremie Frimpong saw Bayer Leverkusen outclass midtable RB Leipzig 3-1 on Sunday and move into the top three of the Bundesliga. Last season’s runners-up Leipzig were still missing goalkeeper Peter Gulacsi, defender Willi Orban and coach Jesse Marsch as part of

Read More »

Korean heavyweight Kang Ji Won challenges ‘old’ Brandon Vera

Published by Philippine Star Luisa Morales – Philstar.com October 22, 2021 | 9:46am MANILA, Philippines – Rising heavyweight contender Kang Ji Won has called out former ONE heavyweight world champion Brandon Vera as his next opponent. After two upsets in ONE Championship, Kang wants to overthrow Vera, who he called “old”. “The next one on

Read More »

France has Qualified for the 2022 World Cup

Published by Prime Time Sports Talk France will be defending their World Title next year in Qatar. Les Bleus has secured qualification for the 2022 World Cup with a huge 8-0 victory over Kazakhstan. For France, this will be their seventh consecutive World Cup appearance, dating back to 1998 where they won on home soil.

Read More »

EU providing P47 million in humanitarian aid to Philippines

Published by Philippine Star Pia Lee Brago – The Philippine Star October 18, 2021 | 12:00am MANILA, Philippines — The European Union is allocating P47 million (€800,000) in humanitarian aid funding for the Philippines to respond to the rapid increase in COVID-19 cases in recent months. The assistance will benefit 70,000 people in far-flung areas

Read More »