#financial collapse

#financial collapse

Many once-promising tech startups are now facing bankruptcy or shutdown due to a lack of funding and investor interest.

Venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell. [ more ]

Many once-promising tech startups are now facing bankruptcy or shutdown due to a lack of funding and investor interest.

Venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell. [ more ]

Many once-promising tech startups are now facing bankruptcy or shutdown due to a lack of funding and investor interest.

Venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell. [ more ]

The city of Los Angeles has spent nearly $40 million to bail out the Skid Row Housing Trust and may spend an additional $70 million to redevelop its oldest and most troubled buildings.

City officials argue that abandoning the trust would lead to a humanitarian catastrophe, destroy affordable housing, and force thousands of residents into homelessness. [ more ]