The teen-friendly social media site, a former acquisition of AOL, is in up to its neck. The filing follows a lawsuit against owner Criterion by smaller investors, claiming mismanagement of the site.
The tweets have since been deleted, but see the screencaps here. The British electronics retailer laid off 190 people on Thursday after dismal holiday sales pushed the chain into bankruptcy.
As you can imagine, there will be no bailouts for small businesses. It is up to business owners to ensure that their business is sufficiently capitalized. If not, it’s on to bankruptcy. However, bankruptcy isn’t the death knell that many people believe it to be.
Greece’s financial woes serve as a shining example of what not to do for politicians and economists--but business owners would be well-advised to take notes as well.
Kodak’s failure to adapt to the evolving marketplace led them to their current predicament. But fortunately for them, DIP financing offers an opportunity for them to reorganize and open their doors once again.
As a small business owner, you can’t afford to emulate the financial habits of our federal government. Don’t drown yourself in debt--take control and act decisively.
Many business owners are facing bankruptcy--and as the Occupy Wall Street movement reminds them, Wall Street firms got bailouts while they were left to twist in the wind. But here's the truth that escapes some small business owners: bankruptcy can offer valuable protection, and maybe even a route back to solvency--but only if you understand critical information.
Unfortunately, for many smaller businesses, securing additional capital can be a challenge. Here are tips to keep in mind when it comes to securing cash for your business.
