Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business, pending court approval, according to bankruptcy filings and information from a former employee. Fluid […]
Strava’s next chapter: New CEO talks AI, inclusivity, and why ‘dark mode’ took so long
There comes a time in every startup’s life when the leaders and stakeholders have to seriously start thinking about the endgame: What to do when you’ve raised $ 150 million in VC cash over 15 years en route to building a 100 million-plus community? And how do you go about executing that next step to […]
A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday. The trustee is asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents. The trustee wrote that the need for […]
Is Fortnite still down? Updated server status after new Season 5, Chapter 2 launch delay
Welcome to Fortnite’s Greek mythology era. Chapter 5, Season 2 launched Friday, March 8, and the speculation dating back to December proved correct. The Greek gods and goddesses are making their debut in the popular battle royale. “Myths & Mortals” is the title for the new season, which introduces Zeus, Hades, Poseidon, Medusa and more. […]