Few stocks suffered more after interest rates started rising than online used car seller Carvana its shares off 95% since their pandemic peak in August 2021. Carvana’s shares took their latest leg dow...
Tag: Ernie Garcia III
Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn
Carvana ILLUSTRATION BY STEPHANIE JONES FOR FORBES; PHOTO BY MARK RALSTON/AFP via Getty After letting go 2,500 people, or 12% of its workforce, the online used car seller Carvana faces a moment of rec...