Mother Jones
US · 1 hrs ago
✦ 72← Left
How Venture Capital Benefits From Zombie Bankruptcies
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Quality 72/100
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← Left ⚠ Misleading headline
An investigation into how venture capital firms profit from bankruptcy proceedings, using the Foxtrot convenience store chain and a barista's viral TikTok video as a case study.
How Venture Capital Benefits From Zombie Bankruptcies
Julia’s first TikTok to hit a million views came at a price—her job. The video, from April 23, 2024, shows Julia working as a barista at Foxtrot—the “elevated” convenience store chain with dozens of locations in Chicago, Texas, and Washington, DC, and known for coffee, upscale groceries, wine, and its own delivery app. The caption […]
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