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@ Layer3.news
2025-05-25 00:18:18
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WHY ARCHER AVIATION STOCK PLUMMETED THIS WEEK
https://media.zenfs.com/en/motleyfool.com/5e64242539ac4aaf66d2994ded43f409
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✍️ Archer Aviation's stock plummeted 20.7% after a report by short-seller Culper Research accused the company of misleading investors and making false statements about its aircraft's abilities and development timeline.
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👉 Archer Aviation's stock fell 20.7% after a report by Culper Research accused the company of misleading investors
👉 The report alleges that Archer has made false statements about its aircraft's abilities and development timeline
👉 Culper Research claims that Archer is spending millions promoting itself on late-night TV and buying the rights to be the official air taxi service at the upcoming LA Olympics in 2028
👉 Archer Aviation denied the allegations, calling Culper Research an 'uncredible research institution'
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#JohnnyRice #LosAngeles #business
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