"Vroom's Downfall: Online Used Car Seller Collapses Amid Sales Slump"

1 min read
Source: Yahoo Finance
"Vroom's Downfall: Online Used Car Seller Collapses Amid Sales Slump"
Photo: Yahoo Finance
TL;DR Summary

Vroom's shares plummet after announcing a 90% reduction in its workforce and the closure of its e-commerce business, while Lockheed Martin's stock dips due to warnings of potential 2024 sales below expectations despite posting strong fourth-quarter earnings. On the other hand, Fisker expects to deliver its unsold electric vehicles from 2023 by the end of the first quarter and is gaining traction with its dealer partner model.

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