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Key Points
Sonder is winding down operations and plans to file for Chapter 7 liquidation after failing to find a buyer or secure more liquidity.
This decision follows the collapse of its partnership with Marriott International, which was terminated in part due to "unexpected challenges in aligning our technology frameworks."
The company, once valued at $2.2 billion, faced significant financial difficulties, including negative cash flow, Nasdaq delisting notices and financial reporting errors.