The electric vehicle startup Electric Last Mile Solutions plans to liquidate after struggling to raise additional funding and secure an auditor amid a pending Securities and Exchange Commission investigation, the company announced Sunday. The Troy, Michigan-based company went public via a special purpose acquisition company in June 2021, at a valuation of $1.4 billion. In the months since,...
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The Briefing Enterprise Amazon
Roe Ruling’s Repercussions for Tech; Zendesk’s Fit of Pique
What a week! Tech business news has been relatively scarce in recent days—but today’s Supreme Court decision overturning Roe v. Wade will have repercussions for all businesses. For the tech industry, which has been spreading outside the San Francisco Bay Area and New York for the past couple of years as remote work has become widely available, the ruling makes operating in states with abortion...
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
Zendesk Agrees to $10.2 billion Buyout Months After Rejecting Higher Bid
Meta Plans To Shut Down CrowdTangle Tool
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