Jonathan Randles
Jonathan Randles is a reporter at Bloomberg News. He covers bankruptcy and distressed companies. Previously, he was a reporter at the Wall Street Journal, where he wrote about retail and consumer brands. He has also worked as an editor for Rite Aid's in-house newsletter during its bankruptcy proceedings. He focuses on the intersection of business, law, and policy with a focus on how these forces shape American communities. His work has appeared in The New York Times, The Washington Post, and other publications.
82%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
85%
Examples:
- By February, Fisker warned there was substantial doubt about its ability to continue operating.
- Fisker attempted a dramatic pivot in early January seeking out partnerships with franchised dealers in North America and away from selling SUVs directly to consumers.
- Fisker produced 10,193 Oceans last year but delivered only 4,929 vehicles to customers.
- Fisker secured $150 million from an existing lender but talks with an unidentified automaker for further investment ended without a deal.
- Influential YouTuber Marques Brownlee produced a video summarizing issues he experienced with the Ocean SUV which has racked up over 5.7 million views.
- Magna executives said during an earnings call that the company’s updated outlook for this year assumed no further production of Ocean SUVs.
Deceptions
45%
Examples:
- Fisker produced 10,193 Oceans last year but delivered only 4,929 vehicles to customers.
- Software bugs ended up slowing production for months, leading Fisker to repeatedly slash its forecasts.
- The first SUVs lacked basic features including cruise control.
Recent Articles
Supreme Court Overturns Purdue Pharma Bankruptcy Settlement, Impact on Future Toxic Product Cases Unclear
Broke On: Thursday, 27 June 2024In a landmark 5-4 Supreme Court decision on May 30, 2024, the controversial bankruptcy settlement between Purdue Pharma and the Sackler family was invalidated. The ruling has significant implications for future toxic product cases, executive compensation in bankruptcies, and opioid crisis compensation. The deal would have provided billions for opioid crisis relief but was rejected due to a violation of U.S. bankruptcy law. Fisker Files for Bankruptcy Amidst Quality Issues with Ocean Electric SUV
Broke On: Tuesday, 18 June 2024In June 2024, Fisker, a US-based electric vehicle startup, filed for bankruptcy due to financial struggles and quality issues with their Ocean electric SUV caused by software from various suppliers. (51 words)