Thursday, July 20, 2023

Used car retailer Carvana reaches a deal to restructure its debt to lower interest payments and reports a $105M loss in Q2, down from a $439M loss in Q2 2022 (New York Times)

New York Times:
Used car retailer Carvana reaches a deal to restructure its debt to lower interest payments and reports a $105M loss in Q2, down from a $439M loss in Q2 2022  —  Most of the company's bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.



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Inside Naver's 1784, a 36-level office tower in Seoul, which has ~4,500 employees working with 120 robots and serves as a testbed for various AI technologies (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Inside Naver's 1784, a 36-level office tower in Seoul, which has ~4,500 employees working with 120 robots a...