Cazoo about to fold?

[lordturpin]

Cazoo which listed in the US in a 2021 IPO (valuation of $7 billion) is currently valued at just $20m and is down over 50% YTD.

I fear they wont make the end of Q1 with chapter 11 - just in case anyone has any outstanding issues with them or are considering using them etc

[vikingaero]

Cazoo did some debt restructuring in Nov 23 which will enable them to have enough cash to survive until 2025 when they are expected to break even. Whether that will happen is anyone's guess.

[Scrump]

Being discussed here:
https://www.pistonheads.com/gassing/topic.asp?h=0&...