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2min chapter
Beyond Green Washing, Now There's Diversity Washing
Bloomberg Businessweek
Are You Seeing a Recession?
Ford Ford and GM's have weathered really bad recessions but they were already established companies. Rivian shares peaked just days before or just days after it's November 2021 IPO valuing the company at 153 billion more than Volkswagen despite Rivian having zero revenue at the time. Lucid and began Lucid excuse me began trading in July 2021 equity value topped out at 91 billion in November that year.
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