Hyperloop One is shutting down The company once wanted to build a high-speed transportation system between Europe and China. Mariella Moon Updated Fri, Dec 22, 2023 David Becker via Getty Images Hyperloop One had once dreamed of building a high-speed freight link between Europe and China, one that could take cargo from one end … Continue reading Hyperloop One is shutting down
Category Archives: Bankruptcy
Wendy’s, Burger King franchise empires are going bankrupt. Is the fast-food model broken?
By Clint Rainey November 16, 2023 Is the beloved American fast-food-franchise model facing a reckoning? In the past year, and more frequently in recent months, franchisees that were once big moneymakers for such brands as Burger King, McDonald’s, Popeyes, and Hardee’s have started to file for bankruptcy. On Tuesday, a major Wendy’s franchisee—Florida-based Starboard … Continue reading Wendy’s, Burger King franchise empires are going bankrupt. Is the fast-food model broken?
Revel is shutting down its shared electric moped service
Revel is shutting down its shared electric moped service It’s focusing on its EV ride-hailing service and charging stations going forward. Mariella Moon Sat, Nov 4, 2023 Drew Angerer via Getty Images Revel is leaving behind its roots and ending its (at times controversial) electric moped service New York City and San Francisco. Company … Continue reading Revel is shutting down its shared electric moped service
Intuit is closing down Mint, its popular free budget-tracking app
Intuit is shutting down Mint, its popular free budget-tracking app It’s asking users to switch to Credit Karma instead. Steve Dent Fri, Nov 3, 2023 Intuit/Mint Intuit is shutting down its free budgeting app Mint, which had 3.6 million active users in 2021, Bloomberg reports. The company will absorb users into its other service … Continue reading Intuit is closing down Mint, its popular free budget-tracking app
Why is Anchor Brewing Co. closing? San Francisco icon halts operations after 127 years
By Associated Press July 12, 2023 San Francisco’s 127-year-old Anchor Brewing Co. will shut down after years of declining sales, citing tough economic conditions. “We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a … Continue reading Why is Anchor Brewing Co. closing? San Francisco icon halts operations after 127 years
MediaMath Files For Bankruptcy, Owes Hundreds Of Millions To Ad-Tech Companies
MediaMath Files For Bankruptcy, Owes Hundreds Of Millions by Laurie Sullivan @lauriesullivan, July 3, 2023 Demand-side platform MediaMath filed for Chapter 11 bankruptcy protection in Delaware district court on Friday. The company owes between $100 million and $500 million to between 200 and 999 companies, including Google, Magnite, OpenX, PubMatic, Xandr, among many others. Emails … Continue reading MediaMath Files For Bankruptcy, Owes Hundreds Of Millions To Ad-Tech Companies
The post-SVB era: These tech companies are actually on a growth path
By Laya Neelakandan April 12, 2023 Since the start of the year, tech companies have laid off over 150,000 employees. At the same time, the sector at large has been dealing with continual fallout from last month’s collapse of financial heavyweights including SVB and Signature Bank. Still, even in the midst of … Continue reading The post-SVB era: These tech companies are actually on a growth path
Roku, Roblox and other martech companies relieved by Silicon Valley Bank bailout
Banker of choice for tech venture capitalists and start-ups hurt by narrow focus and rising interest rates. Constantine von Hoffman on March 13, 2023 Several big martech-related companies — including Roku and Roblox — are breathing easier following news they won’t lose their deposits in the failed Silicon Valley Bank (SVB). On Friday SVB was … Continue reading Roku, Roblox and other martech companies relieved by Silicon Valley Bank bailout
Why SVB failed: The bank ignored one of the fundamentals of finance
By James Surowiecki March 13, 2023 If you’re looking for reasons for the failure of Silicon Valley Bank, which was taken over by the FDIC last Friday after one of the biggest bank runs in U.S. history, one obvious culprit is the fact that the bank violated one of the elementary rules of … Continue reading Why SVB failed: The bank ignored one of the fundamentals of finance
Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails
Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails Karissa Bell @karissabe The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk. The streaming company had $487 million, representing 26 percent of its cash, in Silicon Valley Bank, the company disclosed … Continue reading Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails