Magic Leap has apparently raised another $350M

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Magic Leap has apparently raised another $350M

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  1. Magic Leap has already signed over its patents to JP Morgan back in Nov 2019. Are those still acquirable assets in the event of an acquisition?

  2. This is the startup equivalent of "too big to fail."

    They have capitalized so much that they need to capitalize even more to make their previous capitalization make sense.

  3. > Magic Leap has reportedly received a $350 million lifeline, a month after slashing 1,000 jobs and dropping its consumer business.

    What the heck do a thousand people do at Magic Leap? That’s an insane headcount for a company without a sales or consumer support team. And that’s just the jobs they cut!

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