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Wednesday, April 24, 2024

The firm that bought my car for more than I paid new has lost 98 percent of its value

Carvana, the used car dealer that trusts robotic algorithms to buy your car practically sight unseen, was the third-fastest company to ever make it onto the Fortune 500 — only Amazon and Google did it faster. But for the third day in a row, its stock is trading for just around $7 a share, …

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