Results tagged “stockmarketcrash”

Welcome Deadspin readers. Last week, during the stock market crash, one of the key figures in the Sonics-to-Oklahoma City drama lost nearly $2 billion dollars. Here's how:

Jones Soda, local maker of odd-flavored sodas sweetened with actual sugar is still going through tough times. According to the Puget Sound Business Journal, Jones Soda is laying off 42 of its 110 employees thanks to a second quarter loss of $2.7 million. Apparently, an effort to expand into can sales didn't fly, so 38 percent of the staff has to go. Most of those losing their jobs are in the sales department. Jones will keep selling canned soda in "only in the locations that have proven profitable." Shares in Jones lost 21 percent during today's overall stock market crash.