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Tag Archives: How A Company That’s Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday

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How A Company That’s Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday

How A Company That’s Worth $1.5 Billion On A Friday Could Go Bankrupt On A Monday

by Myles Udland | via Business Insider | GT Advanced Technologies, which makes sapphire glass components for smartphones, filed for bankruptcy on Monday. Sapphire glass is an ultra-strong material, which Apple uses on both the camera lens and fingerprint scanner on the new iPhone. However, Apple doesn’t, contrary to some expectations, use the material for the iPhone’s main display. The move caught the market flat-footed, and, after the announcement, shares of ...

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