Tagged With "Carvana"

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Signs of recession?

Art Post · 1/31/238:21 PM

Signs of recession? Article in New York Times newspaper details how low interest rates were fueling growth, but now the “easy money” days are gone. “The whole tech industry of the last 15 years was built by cheap money. Now they are getting hit by a new reality, and they will pay the price Carvana, the online used car retailer, was worth $80 billion eighteen months ago, but is now value at less than $1.5 billion Value plunged 98% Did a round of layoffs in May and another in November...

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Signs of recession?

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