Tech

Automated trucking software company Embark has lost ~98% of its market value, or ~$5 billion, since going public a year ago through the SPAC merger, amid an industry-wide downturn. Retreat (Joanna Glasner / Crunchbase News)



Joanna Glaner / Crunchbase News:

Automated trucking software company Embark has lost ~98% of its market value, or ~$5 billion, since going public a year ago through the SPAC merger, amid a global downturn branch– Among all the public companies that have been beaten in the autonomous driving space, Embark Technology stands out as a stock market underperformer.




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