About two years after the factory was built, plans surfaced to expand the 300-acre site by another 130 acres. In response, activists have been occupying the #forest adjacent to the #Gigafactory since February. This week, after nine months the occupation was evicted. It was suspected that there were bombs from the world wars in the forest area. It was said that it would be necessary to leave the forest, for some days, as long as it would take to search for the explosives.
About two years after the factory was built, plans surfaced to expand the 300-acre site by another 130 acres. In response, activists have been occupying the #forest adjacent to the #Gigafactory since February. This week, after nine months the occupation was evicted. It was suspected that there were bombs from the world wars in the forest area. It was said that it would be necessary to leave the forest, for some days, as long as it would take to search for the explosives.
At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Again, in contrast to Facebook, Google and Twitter, Telegram's founder Pavel Durov runs his company in relative secrecy from Dubai. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. For Oleksandra Tsekhanovska, head of the Hybrid Warfare Analytical Group at the Kyiv-based Ukraine Crisis Media Center, the effects are both near- and far-reaching. Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively.
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