"Autonomous trucking upstart Embark goes from $5b valuation to kaput in 16 months."
I told you about this company in 2017 when it launched. The "16 months" they are referring to is the length of time from its SPAC IPO to its kaputness. (Actually if you really want to sound German, you could say "kaputheit", but I don't think that's an actual word in German -- I think they just say kaputt. The world originally comes from French anyway -- capot -- but capot meant "bonnet" or "covered", not "broken").
I told you about the company again in 2020 when I told you about Forbes' AI 50.
It IPOd at a valuation of 5.16 billion. And as of March 3, it's gone.
Hope none of y'all lost money. My posts are not investment advice.
Autonomous trucking upstart Embark goes from $5b valuation to kaput in 16 months
