falsem ,

What's their burn rate that they're going bankrupt after 700M in cash?

zalack ,
@zalack@kbin.social avatar

At 30,000 employees that's only $23,000/person. I'm sure payroll alone is well North of $700M per year.

falsem ,

Thanks for doing the math

I_Miss_Daniel ,
@I_Miss_Daniel@kbin.social avatar

🎵Look at the stars, look how they shine for you. 🎵

scmstr ,

When you are a leech of the people, you can’t be punished, right?

instamat ,

Leeches of the people get a pass, because they’re a sad ☹️

Fizz ,
@Fizz@lemmy.nz avatar

What’s the bet they pocketed most of that money and then closed.

Synnr ,

I’m sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?

wick ,

Stock fell on Thursday, declared bankruptcy Friday.

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