Faraday Future CEO's long trail of debt is finally catching up to him
Jia Yueting, the CEO and a co-founder of troubled EV startup Faraday Future, has a notorious history with money. While his rise to fame and fortune in China was built partly around his vision - he started a streaming company in 2004 called LeTV, well before Netflix shifted away from DVDs - it was also built on financial debt. For years, he followed a relatively simple formula. He found success with LeTV, borrowed against that success to try new things under the umbrella of “LeEco,” then borrowed against those ventures to do even more, stacking up debt along the way. With China's economy booming at the time, and a large shadow banking system emerging that made borrowing easy, he was off to the races.
More than a decade later, Jia finds h...
The last Posts from The Verge
- Sony's entire Xperia lineup leaks, including Xperia 1, Xperia 10 and 10 Plus, Xperia L3
- Facebook pulls the plug on its data snooping Onavo VPN service
- Japanese startup plans to test an experimental battery on the Moon
- Japanese spacecraft successfully touches down on an asteroid, grabbing a sample of dust
- Spectrum has a streaming service that's basically its cable package for $15 a month
- Samsung will extend Bixby button remapping to all Galaxy phones running Android Pie
- Lucid Motors is working on an electric SUV that may debut this year
- Google will end forced arbitration for employees in all disputes
- Ricoh's GRIII street photography compact goes on sale next month for $899
- Corsair made new RAM sticks featuring its tiniest LED lights yet
- Free Galaxy Buds with S10 preorders, and 4K streaming sticks are discounted for the Oscars
- AT&T pulls ads from YouTube over predatory comments on children
- The Wandering Earth: news and updates for China's biggest science fiction movie
- Apple draws up a blueprint for the foldable iPhone
- CDC confirms that the false ballistic missile alarm in Hawaii pissed people off
- All the news and trailers for Jordan Peele's Twilight Zone reboot
- Fortnite's Marshmello concert was the game's biggest event ever
- YouTube is ‘aggressively approaching' solution to child exploitation controversy
- Nintendo of America president Reggie Fils-Aimé is retiring
- Robin Hood director Otto Bathurst signed to Showtime's Halo series
Galaxy S10+ is best in DxOMark selfie tests but not overall
As expected, DxOMark has finally released its preliminary review of the Galaxy S10+, which has the exact same cameras as the Galaxy S10, and so far things are looking up for... Read more ...
Samsung S10+ DxOMark score draws Mate 20 Pro - gets an edge in the selfie...
DxOMark has updated the camera score of the Samsung Galaxy S10+ and from the latest result, this smartphone got a total score of 109 points. It claimed 114... Read more ...
Get the cheapest Samsung Galaxy S10e deal we've seen thanks to a TechRadar...
With the dust barely settling after the launch of Samsung's newest devices, and the pre-orders end date a few weeks away, we didn't expect retailers to start undercutting... Read more ...
Imperva WAF: Web App Firewall Overview and Analysis
We review Imperva's web application firewall, a leader in security and performance. Read more ...
Bowser to take over Nintendo America as Reggie Fils-Aime retires
We expect a coup from former Saved by the Bell star Mario Lopez any moment Read more ...
Xbox games playable on Nintendo Switch? It's not as far-fetched as you might...
The Nintendo Switch games library is soon to be expanded massively, if a latest report is to be believed. Two separate sources claim that Microsoft and Nintendo are working... Read more ...
Watch online as Polestar unveils its Google-powered Tesla Model 3 rival
It has been known for some time that Polestar - the performance arm of Volvo Cars - was venturing out to launch a second electric vehicle, the Polestar 2. That moment has... Read more ...
HTC Vive Focus Plus standalone VR headset unveiled with two motion controllers
HTC has developed an enhanced Vive Focus standalone VR headset, the Vive Focus Plus. The key change is the addition of a second motion controller thanks to improvements in the... Read more ...
Opera Touch for iOS adds blocking for GDPR cookie dialogues
It's a cookie monster Read more ...
Sony Xperia XZ4 price and specs leaked, alongside details of other Xperia...
The Sony Xperia XZ4 - or the Sony Xperia 1 as it's called here and in another recent leak - has just been extensively leaked, complete with a full specs list, pricing... Read more ...