Virgin Orbit Holdings Inc.
reportedly plans to cease operations and lay off roughly 90% of its staff, according to a Thursday afternoon CNBC report. Its shares were plunging 47% in after-hours trading after declining 16% in Thursday’s regular session. The company is making the move after failing to secure necessary funding, Chief Executive Dan Hart told employees at an all-hands meeting, according to the report. Virgin Orbit didn’t immediately respond to MarketWatch’s request for comment and confirmation.
After a company ceases operations- it would be odd if their stock surged!
How many people did you fleece with this shit chamath?
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: