Slashdot: Nikola Stock Plunges As Company Cancels Badger Pickup Truck

Nikola Stock Plunges As Company Cancels Badger Pickup Truck
Published on December 01, 2020 at 03:32AM
An anonymous reader quotes a report from Ars Technica: Things keep going downhill for aspiring hydrogen truck-maker Nikola. Nikola's stock plunged on Monday morning as the company announced that a previously announced deal with General Motors was not going to close. Instead, the two companies signed a "non-binding memorandum of understanding" related to the use of GM's hydrogen fuel cell technology in Nikola's future semi trucks. GM will not take a stake in Nikola as originally planned. Nikola's stock is down 26 percent as I write this on Monday morning. The stock is down 58 percent since September 8, the day Nikola originally announced the GM deal. The news means that Nikola is canceling the Badger, a planned pickup truck that critics have long derided as vaporware. Under Nikola's September deal with GM, GM was supposed to design and build the Badger on a cost-plus basis. The deal would have enabled Nikola to sell a pickup truck it didn't otherwise have the capacity to manufacture. But it was hard to see how Nikola was going to make a profit selling what would have essentially been a re-badged GM product. Moreover, it wasn't clear that Nikola had enough cash to finance the development of the Badger alongside the company's semi trucks and a planned network of hydrogen fueling stations. With the hype around Nikola cooling, Nikola may not be able to raise the necessary cash from Wall Street.

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Slashdot: US Army Soldier Arrested In AT&T, Verizon Extortions

US Army Soldier Arrested In AT&T, Verizon Extortions Published on January 01, 2025 at 02:35AM An anonymous reader quotes a report from KrebsOnSecurity: Federal authorities have arrested and indicted a 20-year-old U.S. Army soldier on suspicion of being Kiberphant0m, a cybercriminal who has been selling and leaking sensitive customer call records stolen earlier this year from AT&T and Verizon. As first reported by KrebsOnSecurity last month, the accused is a communications specialist who was recently stationed in South Korea. Cameron John Wagenius was arrested near the Army base in Fort Hood, Texas on Dec. 20, after being indicted on two criminal counts of unlawful transfer of confidential phone records. The sparse, two-page indictment (PDF) doesn't reference specific victims or hacking activity, nor does it include any personal details about the accused. But a conversation with Wagenius' mother -- Minnesota native Alicia Roen -- filled in the gaps. Roen said that prio...

Slashdot: US Army Soldier Pleads Guilty To AT&T and Verizon Hacks

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Slashdot: AT&T Now Lets Customers Lock Down Account To Prevent SIM Swapping Attacks

AT&T Now Lets Customers Lock Down Account To Prevent SIM Swapping Attacks Published on July 02, 2025 at 01:30AM AT&T has launched a new Account Lock feature designed to protect customers from SIM swapping attacks. The security tool, available through the myAT&T app, prevents unauthorized changes to customer accounts including phone number transfers, SIM card changes, billing information updates, device upgrades, and modifications to authorized users. SIM swapping attacks occur when criminals obtain a victim's phone number through social engineering techniques, then intercept messages and calls to access two-factor authentication codes for sensitive accounts. The attacks have become increasingly common in recent years. AT&T began gradually rolling out Account Lock earlier this year, joining T-Mobile, Verizon, and Google Fi, which already offer similar fraud prevention features. Read more of this story at Slashdot.

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