I called it ages ago -- this company is an utter train wreck. I am honestly ashamed of the entire industry for birthing and fostering this basically fraudulent company. Its mistakes and lies are compounding on themselves, creating awful outcomes for its employees:

- Company almost certainly juiced its usage numbers, potentially by buying users to inflate its customers revenues, so it could use those numbers to convince new customers

- Used a single deal with a large company (Forever 21) to sell VCs on the vision, while under the hood that deal was clearly failing

- ex CEO picked twitter fights constantly, to the point of calling into question whether he was even capable of focusing on execution

- Biggest competitor (Fast) exploded even before the market crash.

- Offered employees a four day work week while claiming rapid exponential growth

- Offered employees PERSONALLY guaranteed loans to help them exercise the options

- Raised at $11B valuation with 100x forward revenue multiples.

- Cash raised is currently 6-8x revenue multiple, meaning valuation over next 12m makes employee options worthless

- I've never seen the technology used on any website, and I am a frequent online shopper.

Real talk, is this fin-tech's latest Theranos?