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SoftBank, Walmart-Backed Robotics Giant Sees $9B Wipeout In Founder's Wealth After Company Stock That Surged Nearly 325% Last Year Takes A Steep Decline
Tuesday, September 3, 2024 - 5:18am | 495Read More...Rick Cohen, founder of Symbotic (NASDAQ:SYM), has seen $9 billion erased from his net worth following a significant drop in his AI-powered company’s stock price. What Happened: Cohen, who owns and chairs C&S Wholesale Grocers, founded Symbotic which manufactures AI-driven warehouse robots...
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Walmart Backed Supply Chain Company Symbotic Gets SPAC Deal: What Investors Should Know
Monday, December 13, 2021 - 5:24pm | 620Read More...An artificial intelligence-enabled platform for the supply chain is going public in a SPAC deal announced Monday morning. The SPAC Deal: Symbotic announced a SPAC Deal with SVF Investment Corp 3 (NASDAQ: SVFC), a SPAC from Softbank Group (OTC: SFTBY). The deal values Symbotic at a pro forma...
