Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
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Brian Klaas is an associate professor of global politics at University College London and a columnist for the Washington Post , where he frequently comments on U.S. foreign policy and democratization. For his latest and fourth book exploring the acquisition and repercussions of power, he traveled around the globe and interviewed more than 500 powerful people—from CEOs to cult leaders—and scoured the world for experts who research power, such as neuroscientists, behavioral economists, and anthropologists. advertisement advertisement Below, Klaas shares five key insights from his new book, Corruptible: Who Gets Power and How It Changes Us . Listen to the audio version—read by Klaas himself—in the Next Big Idea App. 1. Power doesn’t just corrupt—it attracts the corruptible. We’ve all heard Lord Acton’s famous aphorism: power tends to corrupt, and absolute power corrupts absolutely. Lord Acton was correct, but that’s just the tip of the iceberg. … [Read more...] about I interviewed more than 500 powerful people—from CEOs to cult leaders. Here’s why second-in-command is better
Share to Twitter Share to Linkedin Martine Rothblatt , a speaker at the Forbes' 2016 Philanthropy Summit, knows how to translate moonshot ideas to reality. Her first came when she was hitchhiking around the world and supporting herself as a musician playing in hotels. In the Seychelles, she got a chance tour of a NASA satellite facility and immediately was inspired to build satellites so small but still so powerful that " everyone in the world could be tuned into the same music." When she got back to America, she enrolled at University of California, Los Angeles and majored in communications engineering. By 1990, Sirius Satellite Radio was born. Three years later, it went public. (Current market cap: $19.6B). But Rothblatt was soon pushed into biotechnology after her daughter Jenesis developed a rare disease, pulmonary arterial hypertension. S he left Sirius to look for a cure. (At the time, most afflicted died within two years, and the best therapy … [Read more...] about From SiriusXM To Pig Cloning: A Q&A With America’s Most Successful Transgender CEO Martine Rothblatt