Submitted by gaurav0792 t3_zf3nqk in wallstreetbets
Our beloved online car retailer seems to be giving up. The company, fraught with problems now has another one. Majority holders of their unsecured debt have signed agreements binding them to work together.
Unless these cucks sell to a giant ass tech company (Amazon), CVNA may run out of gas.
If they go bankrupt, they will likely liquidate their inventory, which would be the equivalent of bukake-ing on the used car market, increasing supply and bringing down prices.
It's been real. Guess all that techs is not gold.