Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
4 points
I’m sure I can find it in the article but what kind of bankruptcy? Are investors walking away with bruises?
4 points
22 points
What’s the bet they pocketed most of that money and then closed.
5 points
When you are a leech of the people, you can’t be punished, right?
2 points
1 point
6 points
🎵Look at the stars, look how they shine for you. 🎵
4 points
What’s their burn rate that they’re going bankrupt after 700M in cash?
4 points
*
At 30,000 employees that’s only $23,000/person. I’m sure payroll alone is well North of $700M per year.
2 points
