What's the bet they pocketed most of that money and then closed.
this post was submitted on 31 Jul 2023
68 points (100.0% liked)
U.S. News
2244 readers
2 users here now
News about and pertaining to the United States and its people.
Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.
Guidelines for submissions:
- Post the original source of information as the link.
- If there is any Nazi imagery in the linked story, mark your post NSFW.
- If there is a paywall, provide an archive link in the body.
- Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
- Social media is not a news source.
For World News, see the News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 1 year ago
MODERATORS
π΅Look at the stars, look how they shine for you. π΅
When you are a leech of the people, you can't be punished, right?
Leeches of the people get a pass, because theyβre a sad βΉοΈ
I know of at least one orange dude that just about nothing has happened to for what... seven years now? So yeah, guess it tracks.
I'm sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?
Stock fell on Thursday, declared bankruptcy Friday.
What's their burn rate that they're going bankrupt after 700M in cash?
At 30,000 employees that's only $23,000/person. I'm sure payroll alone is well North of $700M per year.
Thanks for doing the math