Co-Living Startup HubHaus Plans to Shut Down – The Information


Executives at HubHaus, a venture capital–backed startup that manages shared homes, are taking steps to shut down the company after struggling to attract tenants and raise venture capital, three people familiar with the matter said. 

HubHaus has unsuccessfully shopped itself to a potential buyer in recent weeks, and also sought emergency funding. The company’s investors told people recently they expect it to shut down, two of the people said. Last week, HubHaus let go of its seven or so remaining employees, who focused on growth and property acquisition, the second of two rounds of staff cuts the company made this year. 



READ SOURCE

READ  GlobalFoundries alleges its main rival is stealing chip tech - Times Union

LEAVE A REPLY

Please enter your comment!
Please enter your name here