Independent trucking software firm Embark has lost nearly 98%, or $5 billion, in the past year since it went public via a SPAC merger. It was part of a sector-wide downturn.


Joanna Glassner Crunchbase News:

Independent trucking software company Embark lost nearly 98% of the market value, or approximately $5 billion, since going public a full year ago. This was in spite of a sector-wide downturn.Embark Technology is one of the worst performers in the stock exchange among the self-driving companies.



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