From Salesforce and Beyond Meat to Snap, Lyft, and Robinhood, big names across a number of sectors have announced major layoffs this fall. Read More...
TheStreet.com
Carvana, the Amazon of Used Cars, Is Collapsing
Carvana, the Amazon of used cars, on Wednesday is having one of its worst days on Wall Street. Carvana shares fell more than 36% to $4.27 as doubts about the company’s ability to meet its payment deadlines piled up. In a nutshell, the comparative market value, if shares outstanding were the same in both periods, would have been $41.45 billion on Dec. 31, 2021.
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