Tag: misses
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Trump’s coin sale misses early targets as crypto project’s website crashes
Donald Trump’s new crypto project is off to a rough start. World Liberty Financial, which aspires to be a sort of crypto bank, launched its token sale on Tuesday, a day after project co-founder Zachary Folkman said “well over 100,000 people” are on the whitelist to invest. But WLF’s website suffered regular and lengthy outages for much of…
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Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
Shares of Rivian Automotive dropped more than 6% in midday trading Friday after the electric vehicle startup delivered fewer vehicles in the third quarter than analysts had expected and lowered its annual production forecast for 2024. The company said the lower production target — down from 57,000 units to between 47,000 and 49,000 — was because of a “production…