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by carty76ers 2405 days ago
The article should have started with:

“A company, who weeks after attempting to cash out low-value shares with the dollars of future investors by attempting to IPO under hand-wavy numbers,”

Then continued with the real article:

Is now “expected to lay off thousands of employees beginning this week as it faces ballooning losses”

1 comments

You forgot the part where they delayed the layoffs because they didn’t have enough cash in hand to pay severance.
Neumann deserves to have the book thrown at him for this. Although, I wish a more severe fate for Elizabeth Holmes.