You Searched For "unprofitable companies" and got 20 results
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2 mins read
Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public
Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family'…
Lian Kit Wee
2 mins read
Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers
The failed EV manufacturer Fisker wants to sell its inventory to a company that leases vehicles to …
Jack Newsham
1 min read
AI stocks could prove unprofitable in the future as money has already been made on them in the current rally, 40-year market veteran Jim Bianco says
"What happens with these stocks is they discount the future," Jim Bianco said of AI stocks in what …
Zahra Tayeb
1 min read
Amazon is reportedly putting its Alexa personal-assistant division under review as it seeks to cut costs across unprofitable businesses
Amazon's device unit, which includes Alexa, has had operating losses of $5 billion a year in recent…
Lakshmi Varanasi
4 mins read
The auto industry overestimated EV demand this year. Now companies are scrambling.
The auto industry is running out of early EV adopters right as an economic tidal wave threatens to …
Nora Naughton,Alexa St. John
2 mins read
WeWork's bankruptcy is the beginning of a broader collapse in zombie companies, Wall Street veteran says
There are hundreds of zombie companies that risk facing the same fate as WeWork, according to one i…
Jennifer Sor
3 mins read
The great startup cash crunch is underway — and it's forcing late-stage companies to face their demise
The VC funding picture for late-stage startups is looking pretty grim with capital hard to come by,…
Vishal Persaud
1 min read
Lyft is wildly unprofitable and lost $911 million last year - here's how other unprofitable companies fared after they went public
The 2018 IPO market was extremely receptive to money-losing firms. According to data from Universit…
Arjun Reddy
1 min read
Around a quarter million companies in India are expected to get dissolved. Here’s why
There are nearly 2.5 lakh companies that are on the verge of getting dissolved for not carrying…
2 mins read
The number of unprofitable companies going public has hit 'tech bubble levels,' BAML says
Investors have poured money into unprofitable companies in recent years amid low interest rates and…
Daniel Strauss
2 mins read
Didi's IPO will not make investors any money and the business is just as unprofitable as Uber and Lyft, a veteran stock analyst says
Didi jumped as much as 28% to $18 a share when it began trading on the New York Stock Exchange Wedn…
Emily Graffeo
3 mins read
Stalled out: Why the rush of IPOs from big, unprofitable companies like Uber and Lyft could throw the entire market off track
That's becoming the norm, which Arone illustrates with this chart. It shows that the tech companies…
Marley Jay
2 mins read
Auto industry may cut R&D spending, exit unprofitable segments due to coronavirus pandemic: Deloitte
"The COVID-19 lockdown has had a multiplier effect -- the industry has been at a complete standsti…
PTI
3 mins read
Lyft is deeply unprofitable - but that isn't stopping eager Wall Street investors
And Lyft's executives, for their part, don't seem very worried about the negative cash flow either.…
Graham Rapier
2 mins read
An unprofitable yoga chain is the latest failed IPO
While some might cite a difficult IPO environment that most recently saw meal kit maker Blue Apron …
Joe Ciolli
2 mins read
Opendoor says it will cut 550 employees as the $1.5 billion home-flipping company struggles to turn a profit
The firm is coping with a cool housing market by slashing prices, offering concessions to homebuyer…
Daniel Geiger
9 mins read
Elon Musk runs 3 companies and his executive juggling act is the perfect example of how the modern CEO job is broken
Bosses are punishing employees who are "overemployed," have side hustles, or "quiet quit." So why c…
Ed Zitron
5 mins read
Trying to convince Americans to stop buying cars won't save Lyft from being wildly unprofitable
Even if this isn't a bankrupt option, suburban and rural de-ownership could take decades to appear,…
Matthew DeBord
3 mins read
Monday.com, a proudly unprofitable workplace productivity tool, reaches $1.9 billion valuation with $150 million Series D
Monday.com offers its users a wide range of automation and integration tools, similar to products l…