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Wyre got acquired for 1.5B by Bolt? Wasn't Bolt doing heavy layoffs and downsizing after it was revealed literally nobody used their payments system, and they l
by Jasper_ 4y ago
Wyre got acquired for 1.5B by Bolt? Wasn't Bolt doing heavy layoffs and downsizing after it was revealed literally nobody used their payments system, and they locked their employees in predatory loans?
How much of that 1.5B was real money, and how much was soon-to-be worthless stock?
- xenospn 4y agoAnother Silicon Valley scam.
- mahmoudimus 4y agoI believe it was an all cash txn
- Kkoala 4y agoThat seems unlikely. Startup acquiring another startup is rarely all cash deal. Also according to CrunchBase Bolt has raised about $970 million in total. Their revenue is at somewhere around $20-50 million, so they wouldn't even had the cash. Also seems unlikely they would have taken or gotten a massive loan to do an all-cash acquisition like that