Self-driving truck startup Embark says it may go bankrupt, shares fall 33%


Autonomous Trucks

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Shares of Embark Technology Inc., an autonomous truck startup, fell Monday after the company announced major layoffs and said it may face bankruptcy. Deposit shares EMBK,-32.81%was down 33% and down 97% over the past 12 months, closing Monday’s regular session at $2.56 after trading as high as $134 last April.