Symbotic (SYM), which went public in a June 2022 merger with a Softbank (SFTBY)-backed SPAC and, has a long way to fall, according to a report from The Bear Cave. According to the firm, the company, which describes itself as a "revolutionary A.I.-powered supply chain technology company," is just one of many supply chain automation companies and shareholders should be concerned by recent executive departures, a nosebleed valuation, the company’s reliance on a handful of customers, and a looming lock-up. Reference Link
Published first on TheFly
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