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Posted on 12/7/22 at 10:07 am to 520460
quote:
Apparently they are losing a shite load of money and possibly going to go out of business
THEY'VE NEVER MADE MONEY!
They are one of those "tech / online" companies that investors flocked to, dumping all kinds of money into...their stock was close to $300 just a year ago. They are a disrupter in the car sales market with their completely online experience, pushing other companies to adapt. But ultimately their processes are/were inefficient and I'm betting they will be gone by this time next year.
Creditors sign pact against Carvana for looming bankruptcy
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