Monde | Selina Hospitality en faillite, de start-up à start-down ?
🏢 Selina Hospitality, targeting "digital nomads," has lost 99.5% of its stock value since its Nasdaq debut two years ago, plummeting from a $1.2 billion valuation to a mere $25 million market cap. Following a bankruptcy filing with the SEC, shares dropped 16.6% last Friday. Additionally, the company failed to pay a $455,000 interest payment on July 15 and defaulted on a $50 million loan from IDB Invest, risking seizure of Latin American assets. The coworking space trend faces uncertainty as closures may increase, reminiscent of 90s "business centers.
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