Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI

TechCrunch
By Kirsten KorosecJan 23, 2024, 11:15 am120 ptsTrending
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing. The company said it…

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