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Friday, February 23, 2024

Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI

Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees, or 90% of its workforce, will lose their jobs as a result, according to a regulatory filing. The …

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