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President Trump has pardoned Trevor Milton, the founder of Nikola Motors, who was convicted of fraud in 2022. Milton, once a billionaire and rival to Elon Musk, faced allegations of misleading promotional videos and other misconduct, though he was not charged in those cases. The pardon has raised eyebrows, especially given Trump's history of supporting businessmen accused of wrongdoing.
CoreWeave priced its IPO at $40 per share, falling short of the expected $47 to $55 range, amid investor caution despite strong demand for AI cloud services. The offering includes 37.5 million shares, with significant backing from Nvidia and OpenAI, and is set to trade under the ticker “CRVW” on Nasdaq starting March 28. Despite a remarkable revenue growth of 737% to $1.9 billion in 2024, the company reported a net loss of $863 million, raising concerns about its reliance on Microsoft, which accounted for 62% of its revenue.
Investor Scott Bessent has built a notable career in finance, having worked alongside macro investment billionaire George Soros and renowned short seller Jim Chanos. He also has experience running his own hedge fund, showcasing his diverse expertise in the investment landscape.
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Trump pardons Trevor Milton founder of Nikola Motors convicted of fraud
16:23 28.03.2025
coreweave ipo priced below expectations amid strong ai demand
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04:12 28.03.2025
investor scott bessent's journey through finance and hedge fund management
00:50 23.11.2024
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