That Rolling Stoned article is a bit one-sided. According to this Wall Street Journal article the company still exists and is trying to secure additional financing.He, $44B here, $44B there, pretty soon yer talkin some *real* money.
Maybe these anti-woke morons could bail him out:
The company, which missed multiple launch deadlines and had its CEO step down due to misconduct, is citing “reputational attacks” and “the failing economy”www.rollingstone.com
Wingnuts never learn, sometimes the man-bun folks have all the cash. We now return you to musk-adoration.
"Earlier, in an August interview, Mr. Neugebauer said he remains convinced that GloriFi is the right idea for the right time.
He said he had put $10 million of his own private-equity fortune into the company to keep it afloat this spring. He is planning to take the company public through a merger with a special-purpose acquisition company, which requires him to raise at least $60 million in additional cash. The pending deal has several conditions GloriFi and the SPAC have yet to meet."
Even if THIS outfit doesn't make it there is still strong demand for a bank that doesn't impose ESG policies such as those that punish gun and "fossil fuel" companies.
PS: There is no such thing as a "man bun". The title is an oxymoron.