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Lordstown Motors Faked Orders for Electric Pickup That's Years Behind Schedule: Report


Lordstown Motors Faked Orders for Electric Pickup That’s Years Behind Schedule: Report
By Caleb Jacobs, The Drive
© Provided by The Drive
Hindenburg Research, the short seller whose investigation into Nikola Motors toppled the company s founder and set its stock into a tailspin last fall, now has set its sights on the electric truck startup Lordstown Motors. In an 8,000-plus-word report posted Friday morning, Hindenburg accused the Ohio-based company of pumping fake orders to artificially boost demand […]
Burns responded publicly in an interview with the
Wall Street Journal, condemning the report as being full of half-truths and lies while claiming that the company s touted list of 100,000 pre-orders were never supposed to be seen as firm commitments. He denied that production plans for the pickup truck are behind schedule, though no evidence was presented and the company itself has yet to formally respond. ....

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HBO Max Plans Global Expansion - The New York Times


HBO Max Plans Global Expansion
Last Updated
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HBO Max is going global.
The new streaming platform, currently only available to U.S. subscribers, will launch in 61 other markets starting in June.
The company also plans to launch an advertising-driven streaming service in the United States at the same time. The announcements came Friday as part of a broader presentation outlining a set of goals for AT&T, which owns HBO.
The company hopes to reach between 120 million and 150 million total customers for HBO Max and its traditional HBO TV channel by the end of 2025, a more ambitious target compared with its previous goal of 75 million to 90 million. ....

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