Sonder Holdings News Today, Nov 11: Financial Issues Lead to Immediate Liquidation

Sonder Holdings News Today, Nov 11: Financial Issues Lead to Immediate Liquidation

Sonder Holdings Inc. (SOND) is facing a significant financial crisis, prompting a Chapter 7 liquidation. This decisive move follows the abrupt end of its collaboration with Marriott International amid ongoing financial instability. As of today, SOND’s stock has plunged by over 60%, trading at $0.2039. Struggling with financial setbacks, the company now grapples with its wind-down strategy, marking a sharp turn for this hospitality business.

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