Hacker News with Generative AI: Bankruptcy

Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection (latimes.com)
Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection, a dark turn for the once-prolific film financing company that backed the “Joker,” “The Matrix” and “Ocean’s Eleven” movie franchises.

Entertainment, Bankruptcy, Film Industry

75 points by MilnerRoute 3 days ago | 75 comments

Joann Fabrics went from a cult-favorite retail darling to a bankrupt disaster (msn.com)
Last month, Joann Fabric and Crafts, a fixture of American shopping for generations, announced it would close all of its more than 800 stores in the U.S. and lay off 19,000 workers, including more than 15,000 part-time store associates. The company is in the midst of its second bankruptcy in less than a year.

Retail, Bankruptcy, Business, Economics

9 points by mooreds 3 days ago | 3 comments

Vertical farming company Plenty files for bankruptcy after raising nearly $1B (techcrunch.com)
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday.

Vertical Farming, Startups, Business, Bankruptcy

14 points by iancmceachern 9 days ago | 7 comments

Battery Maker Northvolt Files for Bankruptcy in Sweden (bloomberg.com)
Northvolt ran out of money after a series of operational blunders.

Battery Technology, Business, Bankruptcy, Sweden

16 points by JumpCrisscross 22 days ago | 2 comments

Troubled electric truck maker Nikola files for bankruptcy (techcrunch.com)
Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer or secure additional funds to maintain operations.

Electric Vehicles, Bankruptcy, Startups, Automotive Industry

94 points by moose44 42 days ago | 96 comments

Electric-truck maker Nikola files for Chapter 11 bankruptcy protection (cnn.com)

Electric Vehicles, Bankruptcy, Business, Automotive

30 points by everybodyknows 42 days ago | 17 comments

EV maker Canoo, once worth $2.4B, files for bankruptcy (sfgate.com)
Back in 2020, electric vehicle maker Canoo snagged a $2.4 billion valuation before it had shipped a single car. Now, just months after yanking its headquarters from Los Angeles County to Texas, the company has gone belly-up.

Electric Vehicles, Business, Bankruptcy

61 points by bane 66 days ago | 50 comments

EV startup Canoo files for bankruptcy and ceases operations (techcrunch.com)
Seven-year-old electric vehicle startup Canoo has filed for bankruptcy and will “cease operations immediately.”

Electric Vehicles, Startups, Bankruptcy

8 points by bookofjoe 74 days ago | 0 comments

Bankruptcy judge rejects sale of Infowars to The Onion (nytimes.com)
A judge late Tuesday night said he would not approve the sale of Infowars, the website founded by the conspiracy theorist Alex Jones, to the Chicago-based satirical publication The Onion, prolonging a messy tug of war between two high-profile suitors.

Bankruptcy, Media, Satire, Law

584 points by jbegley 113 days ago | 935 comments

Vodka maker Stoli says August ransomware attack contributed to bankruptcy filing (therecord.media)
A ransomware attack on the multinational Stoli Group in August helped push two of the vodka-maker’s U.S. subsidiaries into bankruptcy, the company’s CEO said last week.

Ransomware, Business, Bankruptcy, Alcohol, Cybersecurity

4 points by aa_is_op 118 days ago | 0 comments

Vodka maker Stoli files for bankruptcy in US after ransomware attack (bleepingcomputer.com)
Stoli Group's U.S. companies have filed for bankruptcy following an August ransomware attack and Russian authorities seizing the company's remaining distilleries in the country.

Ransomware, Business, Bankruptcy, Russia

5 points by gnabgib 120 days ago | 1 comments

Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns (techcrunch.com)
Beleaguered Swedish battery manufacturer Northvolt announced on Thursday that it was filing for bankruptcy in the U.S., striking a blow to Europe’s ambitions for homegrown lithium-ion batteries.

Battery Technology, Business, Europe, Bankruptcy

15 points by car 131 days ago | 1 comments

Battery startup Northvolt files for bankruptcy protection in US (ft.com)
Battery start-up Northvolt files for bankruptcy protection in US

Startups, Bankruptcy, Energy, Business, Europe

6 points by JumpCrisscross 132 days ago | 0 comments

Satire Slinger The Onion Buys Alex Jones' Infowars with Sandy Hook Families (westerninvestor.com)
The satirical news publication The Onion won the bidding for Alex Jones' Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax, the families announced Thursday.

Satire, News, Lawsuits, Bankruptcy, Media

11 points by voisin 139 days ago | 0 comments

The Onion wins Alex Jones' Infowars in bankruptcy auction (nbcnews.com)
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably InfoWars, the far-right, conspiracy-minded website that served as Jones' primary online platform.

Media, Bankruptcy, Satire, Conspiracy Theories

112 points by elsewhen 139 days ago | 2 comments

The Onion buys Infowars (nytimes.com)
The Onion, a satirical publication that skewers newsmakers and current events, said on Thursday that it had won a bankruptcy auction to acquire Infowars, a website founded and operated by the conspiracy theorist Alex Jones.

Satire, Media, Conspiracy Theories, Acquisitions, Bankruptcy

1901 points by coloneltcb 139 days ago | 1233 comments

Redbox's Insane Bankruptcy Unwinding (sherwood.news)
Ever wanted to own 46 copies of Orlando Bloom’s latest movie? What about a dozen empty Redbox DVD cases? Or maybe an entire Redbox kiosk, free with local pickup?

Business, Bankruptcy, Entertainment

22 points by 1970-01-01 168 days ago | 5 comments

National Public Data files bankruptcy, admits 'millions' affected (theregister.com)
The Florida business behind data brokerage National Public Data has filed for bankruptcy, admitting "hundreds of millions" of people were potentially affected in one of the largest information leaks of the year.

Data Breaches, Privacy, Business, Bankruptcy

16 points by pseudolus 174 days ago | 6 comments

Bankrupt Fisker says it can't migrate its EVs to a new owner's server (arstechnica.com)
Starting a new car company isn't easy—just ask Henrik Fisker, whose second bite at that particular cherry ended the same way as his first when it filed for bankruptcy this July.

Electric Vehicles, Bankruptcy, Automotive Industry

116 points by asteroidburger 175 days ago | 115 comments

Bankrupt Fisker says it can't migrate its EVs to a new owner's server (arstechnica.com)
Starting a new car company isn't easy—just ask Henrik Fisker, whose second bite at that particular cherry ended the same way as his first when it filed for bankruptcy this July.

Automotive, Bankruptcy, Technology

16 points by stirlo 175 days ago | 21 comments

Fisker bankruptcy hits major speed bump as fleet sale is now in question (techcrunch.com)
Fisker’s Chapter 11 bankruptcy has hit a major snag, as the company buying the startup’s remaining fleet of electric SUVs says it might not complete the purchase because of a surprising technical issue.

Electric Vehicles, Bankruptcy, Business, Automotive

3 points by CatDaaaady 176 days ago | 1 comments

FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan (wired.com)
A US judge has cleared the way for billions of dollars to be refunded to former customers of bankrupt crypto exchange FTX.

Cryptocurrency, Finance, Bankruptcy, Law

5 points by BuildWithMason 177 days ago | 1 comments

FTX creditors will make money on bankruptcy (cnbc.com)

Cryptocurrency, Bankruptcy, Finance

99 points by koolba 177 days ago | 140 comments

FTX Clear to Repay Customers as Firms Seek Slice of $1B (bloomberg.com)
Cryptocurrency firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded nearly two years ago, an unusual result that could net shareholders in Sam Bankman-Fried’s fraud-tainted exchange a slice of $1 billion in seized assets.

Cryptocurrency, Finance, Legal, Bankruptcy

5 points by toomuchtodo 177 days ago | 1 comments

Tupperware files for bankruptcy as demand slides (bbc.com)
Tupperware Brands, the US maker of food storage containers, and some of its subsidiaries have filed for bankruptcy in the US in the face of ballooning losses.

Business, Bankruptcy, Consumer Goods

55 points by Katana_zero 197 days ago | 59 comments

Tupperware Brands Plans to File for Bankruptcy (bloomberg.com)
Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand.

Bankruptcy, Business, Consumer Goods, Retail

5 points by Brajeshwar 197 days ago | 8 comments

Venture-Backed Startups Going Bankrupt at Alarming Rate (pymnts.com)

Venture Capital, Startups, Bankruptcy, Economy

6 points by iancmceachern 226 days ago | 2 comments

Redbox Revokes Access to All Previously Purchased Content After Bankruptcy (winepressnews.com)

Bankruptcy, Media, Streaming, Entertainment, Business

20 points by c420 251 days ago | 7 comments

Commercial Chapter 11 Filings Increase 70% in First Half of 2024 (abladvisor.com)