Online used car marketplace Shift files for Chapter 11 bankruptcy and begins the process to shut down its business, after going public via a SPAC merger in 2020 (Kirsten Korosec/TechCrunch)

Kirsten Korosec / TechCrunch:
Online used car marketplace Shift files for Chapter 11 bankruptcy and begins the process to shut down its business, after going public via a SPAC merger in 2020  —  Down goes another SPAC  —  Shift Technologies, the San Francisco-based online used car startup-turned-publicly traded company, filed this week for Chapter 11 bankruptcy.

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