suspended

Enterprise

NYSE Halts Fisker Trading

The New York Stock Exchange said Monday it will immediately suspend trading shares of EV startup Fisker and is moving to take the company off of its stock exchange. The exchange said Monday that Fisker’s stock is “no longer suitable for listing” because of “abnormally low” price levels. The decision comes a month after Fisker was warned by the NYSE that its stock price had spent 30 days trading below $1, putting it out of compliance with the exchange’s rules. The suspension caps a tumultuous day for Fisker, which saw shares fall more than 28% before trading was halted. The suspension comes just hours after Fisker announced it lost a potential deal with a large automaker, reported to be Nissan — a development that has also endangered a recently-announced attempt at securing emergency funding.

Zara Khan
March 25, 2024

Apps

Regulators Put a Halt to Waymo’s Plans for Expanding Robotaxi Operations in California

Waymo’s application to expand its robotaxi service in Los Angeles and San Mateo counties has been suspended for 120 days by the California Public Utilities Commission’s Consumer Protection and Enforcement Division. The decision doesn’t change Waymo’s ability to commercially operate driverless vehicles in San Francisco. However, it does put an abrupt halt to the company’s aspirations to expand where it can operate — at least until June 2024. The CPED said on its website that the application has been suspended for further staff review. San Mateo County Board of Supervisors Vice President David J. Canepa issued a statement following the ruling.