Mr Dumb Money :
Chinese companies do not rely on the stock exchange to fund their companies. They rely on cashflow. So they’re not the same as western companies
Rivian (RIVN) is cutting more jobs as the EV maker aims to improve profitability. This is the second round of layoffs this year, but it’s only 1% of the workforce this time. Rivian is cutting another 1% of jobs Rivian cutting additional jobs comes after Tesla announced it was reducing its global workforce by more than 10% this week. Rivian’s stock ended Wednesday near all-time lows of around $8.74 per share. Th...
Mr Dumb Money : Chinese companies do not rely on the stock exchange to fund their companies. They rely on cashflow. So they’re not the same as western companies