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?
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação: