False claims and risky trades at the Silicon Valley start-up HeadSpin were part of a pattern of trouble emerging at young companies that lacked controls.
Category: Start-ups
-
Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
-
Bird, an Electric Scooter Company, Files for Bankruptcy
The company, once a high-flying start-up whose services were hailed as the next big thing in personal transportation, lost much of its value as it struggled to grow.
-
E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
-
Punchbowl News Strikes Deal to Buy Data Start-Up
The congressional news start-up is doubling down on information for its audience of Capitol Hill obsessives.
-
Praxis Founder Dryden Brown’s Utopian Visions
Dryden Brown wants Praxis to be a crypto-city for tech bros and tastemakers. Just don’t ask for details.
-
Inside OpenAI’s Crisis Over the Future of Artificial Intelligence
Split over the leadership of Sam Altman, board members and executives turned on one another. Their brawl exposed the cracks at the heart of the A.I. movement.
-
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
-
SmileDirectClub Shuts Down, Months After Filing for Bankruptcy
The telehealth company, which sold teeth alignment devices to two million customers, was unprofitable and had been criticized by medical groups.
-
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.
