by rjsh927
Fair, a car subscription start-up that partners with Uber and is backed by SoftBank, will cut 40% of its workforce with immediate effect. Several co-founders and CFO are also being let go.
https://www.ft.com/content/8e299ea8-f647-11e9-a79c-bc9acae3b654
The start up is only 26 months old and is based in California. In a previous 350 M$ funding round, the company was valued at well above 1B$. To date Fair has raised about 500 M$ in equity and 1.5 B$ in debt.
https://twitter.com/Hipster_Trader/status/1187445781004980226