this post was submitted on 31 Jul 2023
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Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.

Original NYT link.

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[โ€“] Synnr@sopuli.xyz 4 points 1 year ago (1 children)

I'm sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?

[โ€“] wick@lemm.ee 4 points 1 year ago

Stock fell on Thursday, declared bankruptcy Friday.