Prominent Amazon merchant aggregator Thrasio declares bankruptcy
Amazon aggregator Thrasio, emerges from bankruptcy and names Stephanie Fox CEO, marking a fresh start for the company
Greg Greeley, who had previously served as the company’s chief operating officer, would relinquish his position upon the conclusion of the company’s global restructuring.
Fox, who had previously served in the position, would implement the change.
Thrasio has declared that it will prioritize profitability due to its recent acquisition of third-party merchants on Amazon.
The company had not only filed a petition for protection under the bankruptcy laws by the end of February, but it had also engaged in a restructuring plan with several of its creditors to reduce the amount of debt it owed.
At that time, Thrasio disclosed that it had secured financial commitments from its existing shareholders of ninety million dollars. The value of these commitments was ninety million dollars.
Wiz, a cybersecurity company that has garnered significant attention, is acquiring a substantial amount of cloud security technology in order…
Zepto raises $350 million in its third funding round in six months to bolster its position against rivals ahead of…
After a test campaign with over 25 million transactions from two million wallets, Polygon-based Prom launched its mainnet to boost…
As its test program advances, SpaceX has executed its second agreement to transport a cargo to the Moon via a…
Brave said on Thursday that it will be adding an AI chat mode for follow-up questions based on the first…
Circle introduces USDC and CCTP on Aptos, facilitating cross-chain transfers as Stripe integrates Aptos for fiat-to-USDC conversion and payments. Circle…