In late 2016, Nikola Motor Company founder Trevor Milton unveiled a prototype of the Nikola One truck, claiming it “fully functions and works, which is really incredible.” A couple years later, in January 2018, the company showed the Nikola One truck moving rapidly along a two-lane desert highway. But last week, the short-selling investment firm Hindenburg Research published a bombshell report,…
Tag: Hindenburg
Nikola Motors Accused of Massive Fraud, Ocean of Lies
Socguy writes: Hindenburg research has released their report on Nikola motors and have taken a short position as a result of their research. During the course of their investigation, they claim to have spoken to numerous former employees, have amassed a pile of emails, text messages, contracts as well as other documents and videos showing a massive deception. Essentially, Hindenburg alleges…
Opera Accused of Offering Predatory Loans Through Android apps
“It’s no secret that Opera isn’t doing so well in the era of Chrome dominance,” reports Android Police. “According to a report published by Hindenburg Research, the company’s losses in browser revenue have apparently led it to create multiple loan apps with short payment windows and interest rates of ~365-876%, which are in violation of new Play Store rules Google enacted…
H2Go Power Seeks To Power Drones With Hydrogen
An anonymous reader quotes a report from the BBC: When you think about hydrogen and flight, the image that comes to mind for most is the Hindenburg airship in flames. But in a lab deep in the basement of Imperial College in London, a young team has built what it believes is the future of air travel. H2Go Power is seeking…