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Month: September 2016

E-cig unicorn NJOY goes terminally bankrupt

Posted on September 21, 2016September 21, 2016 by Elon Theranos Esq.
E-cig unicorn NJOY goes terminally bankrupt

After raising $70 million from backers like Peter Thiel and Bruno Mars at a valuation in excess of $1 Billion, e-cigarette manufacturer NJOY has filed for bankruptcy. It has an accumulated deficit of $234.4 million, according to the filing. NJOY also solicited buyers, hiring Barclays in January, but it had no takers.  

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  • Fraud prevention startup NS8 implodes as SEC investigates them for…. fraud
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  • AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion Down Round

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