RadioShack

Read

/send

<div class="protos"> 
 <div> 
 <div> 
 <div> 
 <a rel="noopener noreferrer nofollow" title="Tai Lopez" href="https://thebittimes.com/tag/tai-lopez.html">Tai Lopez</a>, the internet guru who has purchased several nostalgic, failing brands over the past few years, is having to part with many of the companies he bought up under his umbrella corporation, Retail Ecommerce Ventures, LLC. 
 Brands that have already been sold off include the iconic RadioShack, which briefly had its own cryptocurrency in a bid to attract new, younger customers. The token is down about 99% from its all time high and sees only a few hundred dollars in liquidity on a good day. 
 Protos previously reported on rumors of Lopez’s possible bankruptcy. While that remains unclear, it is clear that the self-help pundit has fallen on some hard times. At the end of May, Unicomer Group — a Salvadoran financial group that had previously controlled <a rel="noopener noreferrer nofollow" title="RadioShack" href="https://thebittimes.com/tag/radioshack.html">RadioShack</a> intellectual property (IP) across much of Latin America — released a statement announcing its purchase of all <a rel="noopener noreferrer nofollow" title="RadioShack" href="https://thebittimes.com/tag/radioshack.html">RadioShack</a> IP. Shortly thereafter the website placed a “we are renovating” banner at the top. 
 It isn’t known what was paid for the purchase of the RadioShack IP from Retail Ecommerce Ventures, LLC. 
 <figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp" alt="" class="wp-image-43976" srcset="https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 1024w, https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 300w, https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 768w, https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 1536w, https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 1200w, https://cdn.thebittimes.com/images/2023/08/16/5e8d29551301162ac1f41023fc005aea.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 </figure> 
 Read more: Don’t celebrate <a rel="noopener noreferrer nofollow" title="RadioShack" href="https://thebittimes.com/tag/radioshack.html">RadioShack</a>’s crypto pivot — it’s just a <a rel="noopener noreferrer nofollow" title="Tai Lopez" href="https://thebittimes.com/tag/tai-lopez.html">Tai Lopez</a> scheme 
 Lopez is famous for a video in which he points to his “new Lamborghini” in “his garage” then goes on to point to a bookshelf, saying, “You know what I like a lot more than materialistic things? Knowledge.” 
 Most recently, Lopez’s retail clothing outlet Tuesday Morning shuttered 200 stores. The website suggests a “next chapter” and a possible re-opening of physical store locations. 
 It’s vague as to whether or not more IP and brands have been sold off by Retail Ecommerce Ventures, LLC, but it’s likely the struggling fund will sell off more soon. In the meantime, remember to revisit your least favorite <a rel="noopener noreferrer nofollow" title="RadioShack" href="https://thebittimes.com/tag/radioshack.html">RadioShack</a> cringe tweets — they probably won’t be around much longer. 
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;Twitter,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel. 
 </div> 
 </div> 
 </div> 
</div>

Crypto founder Tai Lopez doesn't own RadioShack anymore

TheBitTimes

Other articles published on Aug 16, 2023

Bitcoin Volatility Nears Historic Lows; A Large Move is Fast Approaching!

Bluelight.inc to update game mechanics

XRP Holders Defensive About Ripple’s CBDC Work: Congressman

US Markets Fall as Fed and JPMorgan Predict No Recession

Binance Connect winds down, cites shift in market dynamics

El Salvador’s Bitcoiners teach 12-year-olds how to send sats

Join our free newsletter for daily crypto updates!