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this post was submitted on 27 Jan 2025
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Unlike what the title would suggest, the "moving to Texas" part was basically immaterial to the company's failure.
They never had any product to ship to begin with and were basically subsisting on loans and venture capital money to continue bullshitting with a theoretical product. Add in some dodgy regulatory practices resulting in fines from the Government and questionable business practices. When the funding dried up, they withered like a sponge in the California (or Texas) sun.
perhaps the move to a human-hostile environment such as texas cost them some good employees.
Reading the article, that doesn't seem to have had the slightest impact on this. They tanked because of shitty and sketchy management