Fisker cuts deeper with new wave of summer layoffs

Tech Insider
Fisker warned staff they might be laid off if efforts to course correct are unsuccessful.
Fisker launched another round of layoffs this week, multiple sources told Business Insider.

Michael Tullberg

Red Lobster superfans desperately want a piece of the bankrupt chain

Tech Insider
image of Red Lobster storefront and empty parking lot
A Red Lobster in Stony Brook, NY was one of the stores to close in May 2024.

John Paraskevas/Newsday RM via Getty Images

Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.

Tech Insider
A shrimp on a fork.
Red Lobster's unlimited-shrimp promotion cost the company millions.

Hollis Johnson/Business Insider

Red Lobster just filed for bankruptcy — but it's not going to disappear

Tech Insider
A sign is posted in front of a Red Lobster restaurant on May 14, 2024 in Fremont, California.
A Red Lobster restaurant in California.

Justin Sullivan/Getty Images

The risky allure of WiFi Money: private jets, sports cars, and ruined investors

Tech Insider
A man whose face is swirling into a black hole. There's a car and a plane in the background and money flying everywhere.
Since its founding in 2020, WiFi Money has left a trail of lawsuits alleging fraud, bankruptcies, mental breakdowns, and financial devastation.

Brandon Celi for BI

FTX plans to give customers their money back — with one painful caveat

Tech Insider
FTX founder Sam Bankman-Fried leaves Manhattan federal court in New York, Thursday, Feb. 16
Sam Bankman-Fried.

AP Photo/Seth Wenig

FTX Customers Will Get Back All the Money They Lost in the Collapse

Gizmodo

Nearly all of FTX’s former customers will get back almost 100% of the money they lost at the time of the cryptocurrency exchange’s collapse — if not more.

Read more...

Fisker is closing its Manhattan Beach headquarters, employees say

Tech Insider
Fisker closed its office in Manhattan Beach.
Fisker has begun closing its office in Manhattan Beach, three sources told Business Insider.

FREDERIC J. BROWN/Getty Images

I went shopping at Express and saw firsthand why the retailer has filed for bankruptcy

Tech Insider
Jordan Hart posing and sale sign
I visited two Express stores in Manhattan, NY.

Jordan Hart/BI

The demise of Red Lobster is a perfect case study in how to kill a business

Tech Insider
The Wall Street bull about to eat a Red Lobster logo
Sure, Endless Shrimp turned out to be a horrible idea, but the problems at Red Lobster are much deeper than one bad promotion.

iStock; Adobe Stock; Rebecca Zisser/BI

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