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Posts & Investments - #bankruptcy
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The end has come for Bed Bath & Beyond $BBBYQ and buybuy Baby, as all remaining stores enter their final days of liquidation.
The closing stores will be open to the public for the last time on Sunday, July 30, as confirmed by the company to Axios.
This bankruptcy liquidation marks one of the largest in the last 15 years, alongside the fall of Toys R Us in 2018 and the demise of Circuit City in 2…See more
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What a shocking twist in the Bed Bath & Beyond future.
After acquiring Bed Bath’s intellectual property and digital assets, Overstock.com $OSTK is going all in on failed retailer Bed Bath & Beyond.
The e-commerce home goods retailer will change it name and move under the Bed Bath & Beyond domain name in the coming weeks after acquiring the bankrupt rival’s intellectual property, Overstock announ…See more
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Startup electric vehicle company, Lordstown Motors $RIDE , which was once hailed as the savior of an abandoned General Motors plant in Ohio, has filed for bankruptcy protection and initiated a lawsuit against its partner Foxconn.
This development is significant because it signifies the downfall of a company that aimed to establish itself as a prominent player in the EV industry but ultimately produ…See more
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Bed Bath & Beyond will live on. The brand, that is, not the stores.
Once a high-flying company and a player in the meme stock movement, Bed Bath & Beyond $BBBYQ buckled under a steep drop in demand and swelling losses, and filed for Chapter 11 bankruptcy protection in April. Now, the retailer’s name, intellectual property and digital assets were purchased by Overstock.com $OSTK for $21.5 million, a…See more
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SoftBank-backed pizza startup shuts down after raising $445 million.
Silicon Valley-based startup, Zume, known for its robotic pizza-making and delivery services, has closed its doors and initiated asset liquidation.
The company had raised $445 million in venture capital funding, including $375 million from SoftBank in 2018 at a $2.25 billion valuation.
That's a whole lotta pepperoni. And chees…See more
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According to a recent report from S&P Global Market Intelligence, corporate bankruptcies this year have reached levels comparable to those seen in 2010, a time when the economy was gradually recovering from a severe recession. It is important to note that the current state of the economy is not indicative of a recession; rather, the surge in bankruptcies can be attributed to the Federal Reserve's…See more
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Outside of the IPO blitz we saw in the pandemic, another one was seen: SPAC or Special-purpose acquisition company/ blank check.
I saw them as being a boom to either burst or build outside of the economy during that time going into the shift we’ve seen with both IPOs and SPACs.
Between January and July 2021, the average monthly redemption rate for SPACs ranged from 7% to 43% and saw -54% retur…See more
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Bankruptcy might be near for Mullen Automotive $MULN as they released its anticipated 10-Q report, and boy its a dread to shareholders.
In three months, the electric vehicle company produced zero revenue (which they haven't ever), burned through $67.5 million of operating cash, and diluted shareholders by another 60%.
The biggest thing from the report is that In December 2022, Mullen’s auditor ga…See more
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The notion of most people’s barrier of entry into investing is via their retirement accounts - 401K, 403B.
The other way some get into investing is -- meme stock.
With seeing $BBBY going into bankruptcy and their stock considered to be bankruptcy stock.…See more
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Online retailer Boxed is latest SPAC tie-up to file for bankruptcy
On Sunday, online retailer Boxed $BOXD became the latest company that's gone public via merging with a special purpose acquisition company to file for bankruptcy.
Why it matters: At least nine such companies have now filed for bankruptcy — a rather dramatic outcome for companies that took part in the pandemic-era market boom.
Det…See more
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Bed Bath & Beyond $BBBY said on Monday it was planning to raise some $1 billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy.
The home goods retailer said in securities filings that if it can’t complete the complex transaction, it would “likely file for bankruptcy protection.” The chain has said in recent weeks that it had defaulted on a loan a…See more
February 7, 2023BBBY44.03%
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At your next visit to AMC Theaters, getting a prime seat may cost you a little extra.
On Monday, the company announced a new ticket price initiative called Sightline at AMC that sets the price of tickets in a theater based on the seat's location.
“Sightline at AMC more closely aligns AMC’s seat pricing approach to that of many other entertainment venues, offering experienced-based pricing and an…See more
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Bed Bath & Beyond $BBBY missed interest payments on approximately $1 billion in bonds yesterday and has entered a 30-day grace period during which it can still make the payments, the company confirmed via email.
Last week the company revealed in an SEC filing that it received a default notice from JPMorgan, the administrative agent for its credit facility. It was then reported the retailer was hav…See more
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Bankruptcy is hitting loud lately — A couple companies are close to joining that unfortunate club: $BBBY $PRTY $JNJ is in whispers to try to use this tactic to help with their lawsuits concerning Talc products $BALY + Simmons Bedding that owns Serta $CVNA is close, but far from it And the countless Blockchain/Cryptocurrency exchanges. My question to you — does this shock you based upon what we’ve been seeing with consumer debt throughout this pandemic? Me? Not one bit and more companies are probably about to fold like a paper plate soon. Track to see if you’re holding any bankruptcy or pre-bankruptcy stock, too! #bankruptcy
Not shocked! 80.37%
Wait, what?!19.63%
107 votes • Ended 01/31/23
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Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November.
Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list.
Also included in the creditors list are media companies, such as the New York Times and Wall Street Journal, commercial airliners, including American,…See more
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$CVNA has had it tough — just like most of the classified pandemic stock. Last year, shares had a 52-week high of $241.99 and a low of $3.55.
They are cutting staff during a continuing sales slowdown. Along with trying to conserve cash to keep up with payments on $7 billion of debt. The largest creditors of Carvana have signed a pact to work together in the event of a possible debt restructuring.…See more
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🗣️ Sam Bankman-Fried is "LOCKED UP" 🚨 🎶 (Akon's voice 😀). No more comfortable living in The Bahamas ☀️ 🌊🌴🇧🇸 ! Former FTX founder Sam Bankman-Fried has been arrested in The Bahamas 🇧🇸 at the request of United States 🇺🇸 government prosecutors. This arrest is concerning Bankman-Fried's involvement with the abrupt $32 billion collapse and bankruptcy of his former cryptocurrency exchange FTX . It’s about ti…See more
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Shares of Carvana have plummeted by more than 📉 40% during trading Wednesday as bankruptcy concerns grow for used car retailer.
The company’s largest creditor, who hold around $4 billion of Carvana’s unsecured debt, or around 70% of the total outstanding reportedly signing a deal that binds them to act together in negotiations.
Carvana’s $CVNA stock has plummeted by about 97% year-to-date after…See more
Dec 1 - Dec 7, 2022CVNA46.17%
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