Texas 'Anti-Woke' Bank Goes Bust In 3 Months

1 week ago

A bank startup backed by billionaire Donald Trump supporter Peter Thiel and pitched as “anti woke” for “pro-freedom” Americans is closing up shop after less than three months.

The bank, GloriFi, burned through $50 million in investment money, laid off most of its staff on Monday, and informed workers it was shutting down, The Wall Street Journal was the first to report. Hoped-for funding to keep the operation running fell through last Friday.

“We will be closing all accounts opened to date,” Read Entire Article