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SOND
Business Insider
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Sonder cofounder said pulling off Marriott deal was the 'hardest thing' he's ever done. Now he's left shocked.

1. Sonder's cofounder expressed shock at company's bankruptcy plans. 2. Sonder's partnership with Marriott collapsed, leading to dire financial issues. 3. The company plans Chapter 7 bankruptcy, liquidating its US operations. 4. Sonder's licensing deal with Marriott, previously viewed as pivotal, has imploded. 5. Once valued over $1 billion, Sonder's revenue dropped severely post-COVID.

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FAQ

Why Very Bearish?

Sonder's bankruptcy signals overwhelming financial distress, similar to the downfall of other rental companies during crises.

How important is it?

The bankruptcy directly hinders Sonder's ability to operate and raises concerns about future viability.

Why Short Term?

Immediate liquidation plans will lead to a rapid decline in stock value and market sentiment.

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