I consider this a win for Democracy
A bank that promoted itself as an “anti-woke” alternative to Wall Street and won the support of Peter Thiel and Candace Owens is closing down just three months after it started operating.
The Wall Street Journal reported on Monday that Texas-based startup GloriFi had laid off most its workforce and was planning to close its doors, according to people familiar with the matter.
The bank, run by GOP donor Toby Neugebauer, opened in the summer after raising $50 million from an A-list group of investors last year, and was recently valued at $1.7 billion.