Tag Archives: Bankruptcy
HAL 9000 replica’s crowdfunding project goes bust
Kickstarter darling PicoBrew may soon go out of business
Satellite internet startup OneWeb declares bankruptcy to look for a buyer
OneWeb's dreams of satellite internet access have hit a major setback. The startup has filed for Chapter 11 bankruptcy after attempts to get crucial financing fell through. The company said it was "close" to getting support, but the COVID-19 pandem...
MoviePass declares bankruptcy
You knew MoviePass wasn't long for this world when it shut down service in September, and now it's ready to bow out completely. MoviePass and its parent company Helios and Matheson Analytics have declared Chapter 7 bankruptcy -- that is, they're dis...
Faraday Future founder files for Chapter 11 bankruptcy
Faraday Future founder Jia Yueting has filed for Chapter 11 bankruptcy in a bid to settle his exorbitant personal debts. The move is part of a larger recovery plan, and it's meant, in part, to regain credibility for Faraday Future. Though there's no...
MegaBots calls it quits, puts battle robots on eBay
The era of giant battle robots appears to be over... although you might have a chance to bring it back. MegaBots has gone bankrupt after once again running out of money, and it's auctioning its 16-foot-tall Eagle Prime robot on eBay as part of the sh...
Mars One could live again thanks to a mystery investor
Bankrupt Martian colony startup Mars One says it's holding talks with an undisclosed investor to revive its for-profit arm. In a press release, the German company claims to have found a potential savior that could help pay off the one million Euros (...
Mars One is dead
The company that aimed to put humanity on the red planet has met an unfortunate, but wholly-expected end. Mars One Ventures, the for-profit arm of the Mars One mission was declared bankrupt back in Jaunary, but wasn't reported until a keen-eyed Reddi...
Sears Black Friday 2018 Ad Posted While in Bankruptcy
The Sears Black Friday 2018 ad is released. The troubled retailer filed for bankruptcy protection in October. A Sears' advertised Black Friday promotions is testing the trust in customers that...