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"Financial Struggles and Legal Battles: The Downfall of Virgin Orbit"

Virgin Orbit lays off 85% of its workforce due to lack of funding; ByteDance's Lemon8 app rises in the US App Store as a potential TikTok replacement; Groupon appoints Dusan Senkypl as interim CEO; Lyft may drop shared rides and other features to focus on core ride-hailing business; Canoo settles with the SEC for $1.5 million.