Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business.
The company aims to preserve liquidity and maximize stakeholder value through its remaining businesses, Vroom said in a Monday (Jan. 22) press release.
This move comes after the company tried to raise additional capital and extend its vehicle floorplan facility past its current expiration date of March 31, Vroom CEO Thomas Shortt said in the…
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