EV startup Canoo recently furloughed dozens of employees without pay and informed the remaining staff of a “mandatory unpaid break” until the end of the year, locking them out of company systems by the end of Friday. The company, facing financial challenges with only $700,000 in the bank last month, announced a reverse stock split and aims to attract more investors. Canoo, founded in 2017, has struggled to sell electric vehicles and has faced executive turnover, raising concerns about its financial viability.
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Who is really behind the Trump Mobile T1 phone?
The Trump Organization has announced plans to launch a $499 "Made in America" T1 phone later this year, with production claims in Alabama, California, and Florida. However, skepticism surrounds its feasibility, with speculation that it may be a white-label device produced by a Chinese manufacturer, as similar U.S.-sourced devices have significantly higher price points. Need More Context? 🔎
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