4 d. ago Nikola founder Trevor Milton accused of trying to derail bankruptcy case

A court hearing on the sale of bankrupt electric truck startup Nikola’s assets to Lucid Motors was going smoothly on Friday. No objections had been filed to the transaction, and Delaware bankruptcy Judge Thomas Horan verbally approved it without hesitation. Until, that is, a lawyer piped up on the Zoom call towards the end of […]

Economics

5 d. ago Solid, which claimed to be the ‘AWS of fintech,’ files for bankruptcy after raising nearly $81M in funding

Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline. […]

Economics

7 d. ago Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets

Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell […]

Economics

2 w. ago Troubled Hooters Restaurant Chain Files for Bankruptcy Protection

Hooters of America, known for chicken wings and “Hooters Girls” waitress outfits, filed for bankruptcy protection Monday as it seeks to address its $376m debt. The post Troubled Hooters Restaurant Chain Files for Bankruptcy Protection appeared first on Breitbart.

Politics

2 w. ago What users need to know about privacy and data after 23andMe's bankruptcy filing

23andMe, one of the first companies to provide direct-to-consumer genetic testing kits, has filed for bankruptcy. Since its founding in 2006, it has sold over 12 million DNA kits, with high-profile users including Oprah Winfrey and Warren Buffett.

Politics

2 w. ago EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale

Electric trucking company Harbinger has filed an objection to the sale of Canoo’s assets to its CEO, potentially throwing a wrench into the two-month-old bankruptcy case. Harbinger’s objection, filed late Friday, accuses Canoo of hiding certain assets from the sale process, including what the startup purchased from another bankrupt EV company, Arrival. It also accuses […]

Economics

2 w. ago 23andMe filed for bankruptcy. Here's why you should be worried about your privacy

Over the past decade, 23andMe has collected genetic data from millions of people—and now that the company has filed for bankruptcy, that information could be sold to the highest bidder, a Northeastern University data scientist warns.

Politics

2 w. ago 23andMe has filed for bankruptcy. What does this mean for your DNA data privacy?

The genetic testing company 23andMe has filed for bankruptcy, prompting people who've used the service and sent in DNA samples to be analyzed to wonder what will happen to their genetic data.

Politics

3 w. ago How to delete your 23andMe data after the company filed for bankruptcy

When the California biotech firm filed for bankruptcy, there was one looming question for customers: What's going to happen to my data?

Politics

3 w. ago Vertical farming company Plenty files for bankruptcy after raising nearly $1B

Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science […]

Economics

3 w. ago 23andMe files for bankruptcy protection: Here’s how to delete your genetic data

23andMe files for bankruptcy protection: Here’s how to delete your genetic data  San Francisco Chronicle

Politics

3 w. ago 'Delete your data': Genetic testing firm 23andMe files for bankruptcy

Pioneering US genetic testing company 23andMe has filed for bankruptcy and is looking for a buyer two years after hackers gained access to millions of profiles.

Politics

3 w. ago Silicon Valley Failure: 23andMe Files for Bankruptcy in Stunning Collapse

DNA testing company and former Silicon Valley darling 23andMe has filed for Chapter 11 bankruptcy protection and announced the resignation of its co-founder and CEO Anne Wojcicki. The post Silicon Valley Failure: 23andMe Files for Bankruptcy in Stunning Collapse appeared first on Breitbart.

Politics

3 w. ago DNA testing company 23andMe files for bankruptcy protection, CEO resigns

Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection in the U.S. to initiate the sale of its assets. Alongside the announcement, the company’s co-founder and CEO Anne Wojcicki separately said she is leaving the company to become an independent bidder for the company. “After a thorough evaluation of strategic alternatives, we have […]

Politics

4 w. ago Forever no more: Operator of mall staple Forever 21 files for bankruptcy protection

Forever 21 stores in the U.S. will hold liquidation sales and the website will continue to run while operations wind down. The post Forever no more: Operator of mall staple Forever 21 files for bankruptcy protection appeared first on Boston.com.

Politics

4 w. ago Forever 21 files for bankruptcy again. See the Washington stores set to close

Forever 21 files for bankruptcy again. See the Washington stores set to close  Kitsap Sun

Politics

4 w. ago Forever 21 is bankrupt, again. This time actually could be forever

Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.

Politics

4 w. ago Mall staple Forever 21 files for bankruptcy protection, again

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies

Politics