Seek's $365 million write-down | Jeep owner cops multi-billion dollar EV hit | Ozempic upends The Man Shake
Seek has written down its investment in Chinese jobs portal Zhaopin by $365 million after the company’s poor performance.
Stellantis, the owner of Jeep and Chrysler, saw its shares plummet 30% after its mega-investment in electric vehicles failed to pay off.
The private equity owners of The Man Shake are looking to offload the company after the weight loss market has been totally re-shaped by Ozempic and oc.
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