Target closing stores and cutting jobs | Hertz files for bankruptcy | Magic Leap struggling but raises $350m
What the Flux · Flux
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Show Notes
Wesfarmers, the owner of Target, has announced it will close up to 75 Target stores and cut 1,300 jobs.
Hertz, one of world’s biggest car-rental companies, has filed for bankruptcy with about $29 billion in debt.
Magic Leap, the much hyped (but struggling) augmented reality tech company has some raised $350 million despite the pandemic.
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