Companies going bankrupt/into administration

Potemkin Villager · Post by **Potemkin Villager** » 18 Apr 2018, 20:56

People are really wondering what is going on at the amazing Elon Musk three card trick.

http://bostonreview.net/class-inequalit ... oting-elon

"As early as 2015, the Los Angeles Times attempted to sum the total public aid to Muskâ€™s operations and arrived at $4.9 billion.

Yet Muskâ€™s profitabilityâ€”his success by the conventional standardâ€”still hasnâ€™t materialized. Tesla was run at a $671 million loss in the third quarter of 2017â€”$117 million paid in interest on the companyâ€™s debts alone. In fiscal year 2017, losses summed to $2.2 billion, about three times what the company lost in 2016.

Moreover, Tesla has repeatedly missed every deadline promised to its customers and is currently under investigation by the National Labor Relations Board for denying employees the right to collective bargaining. The company faces numerous shareholder lawsuits alleging managerial violations of fiduciary duty, with a raft of class-action suits following a recent investigation by the Securities and Exchange Commission."

There may be trouble ahead........

johnhemming2 · Post by **johnhemming2** » 18 Apr 2018, 21:17

Whatever else is true he still has managed to land rockets. That is top notch Rocket Science. I watched it semi live on live stream.

That earns him a place in history.

woodburner · Post by **woodburner** » 19 Apr 2018, 06:14

Fred the Shred has a place in history too.

raspberry-blower · Post by **raspberry-blower** » 19 Apr 2018, 09:53

johnhemming2 wrote:Whatever else is true he still has managed to land rockets. That is top notch Rocket Science. I watched it semi live on live stream.

That earns him a place in history.

Regardless of how good the engineering is, is his business model actually viable? Barclays has its doubts

RenewableCandy · Post by **RenewableCandy** » 02 May 2018, 16:25

House of Fraser is 'downsizing'...

http://www.bbc.co.uk/news/business-43973149

AutomaticEarth · Post by **AutomaticEarth** » 02 May 2018, 21:20

Cambridge Analytica shutting down:

http://www.bbc.co.uk/news/business-43983958

careful_eugene · Post by **careful_eugene** » 17 May 2018, 10:48

Mothercare confirms 50 store closures. http://www.bbc.co.uk/news/business-44148937
Shops like Mothercare have great showrooms, if you want to buy a pram just go there, decide what you like then buy it cheaper online.

emordnilap · Post by **emordnilap** » 17 May 2018, 12:28

careful_eugene wrote:Shops like Mothercare have great showrooms, if you want to buy a pram just go there, decide what you like then buy it cheaper online.

A bit like using those people that hijacked the name of a south American river, then.

careful_eugene · Post by **careful_eugene** » 17 May 2018, 12:59

emordnilap wrote:
careful_eugene wrote:Shops like Mothercare have great showrooms, if you want to buy a pram just go there, decide what you like then buy it cheaper online.
A bit like using those people that hijacked the name of a south American river, then.

Pretty much yes, although to be fair it's a long time since we bought a pram and when we did it was from an independent shop. The last time I bought anything from Mothercare was just after my wife had given birth 5 weeks early and I had to go and buy her some maternity bras as she hadn't got round to it.

RenewableCandy · Post by **RenewableCandy** » 19 May 2018, 22:38

By a curious coincidence I inflicted exactly the same awks on Marvellous Other 1/2. He was (of course) very sporting about it

Mr. Fox · Post by **Mr. Fox** » 20 May 2018, 09:58

careful_eugene wrote:Shops like Mothercare have great showrooms, if you want to buy a pram just go there, decide what you like then buy it cheaper online.

That seems like the old-fashioned way of doing it... we went on the Mothercare website, read the spec/reviews, then bought one second hand via the local paper classified ads (listed online, so we didn't even buy the paper).

RenewableCandy · Post by **RenewableCandy** » 21 May 2018, 13:51

We were even luckier: got ours from a slightly-older-than-us branch of the family

Post by **adam2** » 11 Jun 2018, 13:13

Poundworld now in administration.

https://www.bbc.co.uk/news/business-44436435

Post by **adam2** » 01 Aug 2018, 19:51

RenewableCandy wrote:House of Fraser is 'downsizing'...

http://www.bbc.co.uk/news/business-43973149

Looks like the downsizing did not work.
The Chinese group that was going to rescue the rump of House of Fraser, have pulled out.

https://www.bbc.co.uk/news/business-45031987

RenewableCandy · Post by **RenewableCandy** » 02 Aug 2018, 23:33

JENNERS for the love of God!

They'll be rioting in the streets in Edinburgh...