Those involved in the scheme allegedly fabricated $310 million in total sales and inflated certain costs and expenses.
“With sliver-like margins and not enough resources to sustain a prolonged closure, the future looks grim.”
The company’s 1.3 million independent workers are facing financial uncertainty due to the reduced demand for rides during the pandemic.
SoftBank agreed to the bailout deal in October.
The fintech company began its bid for a banking charter over two years ago.
At the moment, Buffett and Berkshire Hathaway are losing money quickly on the airlines
A new report slams the bank for failing to comply with regulatory orders on multiple customer abuse scandals and blasts regulators for inaction.
"The President's request for coronavirus response funding is long overdue and completely inadequate to the scale of this emergency."
The company has had to temporarily halt production and close retail stores in China due to the coronavirus.
Brandless fails at a direct-to-consumer model after three years of operations and $240 million in funding.
Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.
With its lofty share price, Tesla might want to consider buying one of these startups.
