What’s the inside scoop? Why so sudden?
Founders and executives ate all the money
What will happen to the Convoy stock options?
All gone
We had a $150 million line of credit and Hercules decided that they wanted it back immediately
What happens to the employees? Are you all laid off?
yes
They wanted to beat Flexport's downward spiral
🏆
Incompetent leadership. Dan Lewis 🤡 Mark Okerstrom 🤡
What’s it like rn in the private Convoy chat on Blind?
This is all on Dan Lewis. No way you let it get this point without finding a lifeline to keep the company going. Dan has been over his head as CEO from day one.
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Freight recession
Yeah but that’s been going on for a bit? This felt all of a sudden
Lenders made a call on their loans. Convoy can’t cover and has to shut down asap