EV-truck tech startup Electric Last Mile files for bankruptcy; plans to liquidate
Electric Last Mile Solutions (ELMS), an EV-truck tech startup focused on defining a new […]
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Google says its Russian bank account has been seized; its Russian subsidiary files for bankruptcy
The United States and its western allies have reportedly frozen more than $284 billion in Russian […]
Elon Musk: SpaceX faces “genuine risk of bankruptcy” due to crisis with Starship engine
Things appear not to be going well at SpaceX after a company-wide email from […]
This Chinese EV tech startup left thousands of its electric cars to rot after filing for bankruptcy
2016 was a hot year for bike-sharing in China. However, car-sharing became a business model sought […]
This Chinese electric car tech startup left its car lot to rot after filing for bankruptcy
In May 2018, Chinese Internet giant Baidu and Panda Auto, an EV rental operator […]
London-based Greensill Capital, a FinTech startup backed by SoftBank with $1.5 billion in 2019, faces bankruptcy and warns of defaults
We wrote about Greensill in May 2019 after SoftBank invested $800 million in London, […]
Crypto lending startup Cred filed for bankruptcy after raising a $50 million in equity round
Cred is a San Francisco-based cryptocurrency startup and operator of a decentralized banking platform serving […]
SoftBank delivers blowout quarter as Vision Fund gains $3.96 billion amid bold AI pivot and high-stakes tech bets
Earlier this year, SoftBank made a $1 billion bet on artificial intelligence (AI), teaming […]
Sovereign wealth fuels AI boom as Middle Eastern funds pour billions into the hottest AI startups
The mainstream adoption of artificial intelligence (AI) has skyrocketed since ChatGPT’s launch two years […]
Corporate Sunsetting: A New Way to Shut Down a Company
A Difficult Problem While starting a new company might seem like a breeze—often requiring […]
Verizon acquires Frontier Communications for $20 billion to expand its fiber network
Verizon Communications has announced a $20 billion acquisition of Frontier Communications Parent Inc., the […]
Cameo, a unicorn tech startup once valued at over $1 billion, is now broke and can’t pay a $600,000 fine
Cameo, a celebrity video startup once the shining star of the tech startup world, now […]
Fisker lays off hundreds of workers as the embattled EV startup struggles to stay afloat
Beleaguered electric vehicle startup Fisker has reportedly laid off hundreds of employees as part […]
Crypto exchange Gemini ends 18-month freeze, returns $2.2 billion to customers
After 18 months of freeze, crypto exchange Gemini announced on Wednesday that it will […]
From $8 to $350,000: How this investor bought a domain name for $8 and sold it for $350,000 22 years later
In a world where overnight success often steals the limelight, the story of this […]
Paris-based SES buys Intelsat for $3.1 billion as European satellite companies consolidate
Paris-based satellite giant SES has struck a deal to acquire Intelsat Holdings for $3.1 […]
FTX founder Sam Bankman-Fried sentenced to 25 years in prison for crypto fraud; to forfeit more than $11 billion
“I’m sorry about that. I’m sorry about what happened at every stage.” In a […]
Sam Bankman-Fried to be sentenced today for $8 billion FTX fraud; faces 110 years in prison
Former crypto billionaire Sam Bankman-Fried is bracing for his sentencing on Thursday following his […]
Adam Neumann is trying to buy back bankrupt WeWork, a real-estate startup he co-founded 14 years ago
Adam Neumann, the ousted co-founder of WeWork, is aiming to buy the real-estate company […]
Genesis Global Trading fined $8M, loses its NY crypto license over anti-money laundering compliance failure
The New York Department of Financial Services announced on Friday that Genesis Global Trading, […]