Selina market cap collapses from $1.2b to $12m
The Israeli hospitality company's negative momentum is continuing this week with the share price down 27% to a new low of $0.04.
Source: globes.co.il
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Israeli hospitality company Selina Flounders, Founders Losing Control
Incredibuild, an Israeli startup that offers a hybrid development acceleration platform for developers and DevOps teams, was forced to lay off 20% of its workforce.
Source: jewishbusinessnews.com
Hospitality co Selina agrees debt settlement, raises $68m
The company has agreed a debt settlement and raised up to $68 million in new investment.
Source: globes.co.il
Inspiring Meaningful Connections Through the World's First Work, Stay, Play Ecosystem
An appealing ambience, a privileged location, convenient amenities, and an ethos focused on human connection are common characteristics looked by newer traveler generations.
Source: hospitalitynet.org
Selina stock collapse takes big investor names with it
Among the investors in Selina Hospitality, which has lost 99% of its value since it was floated, are Sir Ronald Cohen, Len Blavatnik, Gigi Levy, and Adam Neumann of WeWork fame.
Source: globes.co.il