Start-Ups Pursue ‘Free Money’ With Relief Funds, Prompting Backlash

Start-Ups Pursue ‘Free Money’ With Relief Funds, Prompting Backlash

Domio, a start-up that offers short-term rentals, has its headquarters in a New York City loft that features beer on tap, a game room and a wall of house slippers for visitors. The fast-growing and unprofitable company has raised $117 million in venture capital, including $100 million in August. When the coronavirus pandemic caused Domio’s […]

The Gap is running out of money and stopped paying rent

The Gap is running out of money and stopped paying rent

The company issued a dire warning in a regulatory filing Thursday that $1 billion in cash has evaporated from its accounts since February. Gap said it might have as little as $750 million in the bank as early as next week.Gap said it needs to take “additional...
Will ‘Real’ Small Businesses Get the Money This Time?

Will ‘Real’ Small Businesses Get the Money This Time?

The Senate approved a $484 billion coronavirus rescue package, with $320 billion for the Paycheck Protection Program that ran dry last week. It also includes $60 billion for other small business rescue programs and $75 billion for hospitals. The House is expected to...