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Character.ai loses most of its staff to Disney ahead of sale

Original: ICYMI: Character.ai loses 66 of its 86 staff to Disney ahead of bankruptcy sale: Ad partners pay by ACH into one SVB acc

Character.ai has reportedly lost 66 of its 86 employees to Disney as the AI chatbot startup moves toward a bankruptcy sale. Reports say advertising partners pay into a single SVB account while Stripe and app stores channel the rest of its $59.4m in cash, leaving questions over whether the 18 remaining staff can keep the app running until a buyer is found.

Why now: The mass exodus of staff to Disney and uncertainty over the company's survival make the bankruptcy sale a major story in tech.

Character.aiDisneySilicon Valley BankStripe

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• ICYMI: Character.ai loses 66 of its 86 staff to Disney ahead of bankruptcy sale: Ad partners pay by ACH into one SVB account while Stripe and app stores feed the rest of $59.4m in cash. Can the 18 remaining staff run the app until a sale? https:// ppc.land/character-ai-loses-66… · ppcland · 2

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