The telehealth company, which sold teeth alignment devices to two million customers, was unprofitable and had been criticized by medical groups.
Category: Shutdowns (Institutional)
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Yellow Rejects a Bid to Restart Trucking Company
In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.”
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From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money
After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire.
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Jezebel to Be Resurrected by Paste Magazine
The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.
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Popular Science Shuts Online Magazine in Another Sign of Decline
The decision came three years after the publication ended its storied print edition, which began in 1872. It will still publish articles and videos on its website.
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G.M.’s Contract Deal With U.A.W. Faces Surprisingly Stiff Opposition
Many longstanding General Motors workers have been voting against the tentative accord, which they feel insufficiently improves retirement benefits.
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Jezebel Will Shut Down, Parent Company Announces
Citing “economic headwinds rattling our business,” Jim Spanfeller, the chief executive of Jezebel’s parent company, G/O Media, announced the suspension of the publication and staff layoffs.
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Rite Aid Is Closing 154 Stores
The pharmacy chain, once the largest in the United States, detailed a batch of store closures in a bankruptcy court filing.