Texas 'Anti-Woke' Bank Goes Bust In 3 Months

[Guno צְבִי]

A bank startup backed by billionaire Donald Trumpsupporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months.

The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall Street Journal was the first to report. Hoped-for funding to keep the operation running fell through last Friday.

“We will be closing all accounts opened to date,” GloriFi’s website informed consumers. Checking accounts were being shut down Friday, and savings accounts on Dec. 6.

https://www.yahoo.com/news/texas-anti-woke-bank-goes-024123407.html

 

[Dutch Uncle]

A bank startup backed by billionaire Donald Trumpsupporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months.

The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall Street Journal was the first to report. Hoped-for funding to keep the operation running fell through last Friday.

“We will be closing all accounts opened to date,” GloriFi’s website informed consumers. Checking accounts were being shut down Friday, and savings accounts on Dec. 6.

https://www.yahoo.com/news/texas-anti-woke-bank-goes-024123407.html

Another Trump-style ripoff of investors. People should go to prison for this crap.

 

[ExpressLane]

Well it lasted 3 times as long and wasted 1/6th the money as the woke CNN+

 

[Dutch Uncle]

Well it lasted 3 times as long and wasted 1/6th the money as the woke CNN+

Did CNN burn other people's money and walk away richer? Peter Thiel, like Trump, profits off the losses of others, often through chicanery.

https://www.bloomberg.com/billionaires/profiles/peter-a-thiel/
# 291 Peter Thiel $7.26B
Random fact: J.R.R. Tolkien inspired venture names: Mithril, Palantir, Valar.
Overview
Thiel was Facebook's first outside investor and a founding partner of Founders Fund, a venture capital firm. He is also a co-founder of PayPal and seeded the analytical software firm Palantir Technologies. The former derivatives trader was also part of the transition team of President Donald Trump.