A chronically unprofitable company and attempted to IPO at an extremely inflated value and lost more than 50% of its valuation when investors raised those red flags with the founder exit scamming with hundreds of millions of dollars afterwards.
Going through the SPAC scam route finished them off with one more pump and dump on retail investors and unsurprisingly ending up bankrupt. Would never have happened in an environment with near zero interest rates and quantitative easing for decades and infinite money from the VCs.
First WeAreGoingBankrupt [0], then 28 days later, WeAreBroke [1] and now WeAreBankrupt.