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Dog-Walking Startup 'Wag' Files For Bankruptcy
An anonymous reader quotes a report from SFGATE: During the 2010s' boom in on-demand services such as Uber and DoorDash, Wag staked a claim to the market for dog walking. It became a buzzy, high-flying company, at one point gaining a valuation of around $650 million, and grew to offer a whole range ...
An anonymous reader quotes a report from SFGATE: During the 2010s' boom in on-demand services such as Uber and DoorDash, Wag staked a claim to the market for dog walking. Its lines of business -- including gig-work dog walking and sitting, pet insurance, and the veterinary tool "Furscription" -- will remain open, according to a news release. Wag also failed to find a third-party deal to get more money, the CFO noted, and its debt obligations are set to mature in August, meaning the company was "facing a dire liquidity crisis."
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