"Financial Struggles and Legal Battles: The Downfall of Virgin Orbit"
TL;DR Summary
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.
- Virgin Orbit runs low on cash, ByteDance pushes a TikTok replacement, and Canoo settles with the SEC TechCrunch
- Richard Branson's Virgin Orbit Collapses TheStreet
- Here's what went wrong with Virgin Orbit CNBC
- Virgin Orbit to cease operations, lay off almost all of its workforce CNBC Television
- Virgin Orbit's collapse raises questions about Matthew Brown Quartz
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