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British online used car retailer Cazoo Group Ltd (NYSE:CZOO) is on the verge of filing for administration less than three years after listing on the New York Stock Exchange, according to a Sky News report. Valued at nearly $8 billion in August 2021, Cazoo's shares have since collapsed over 99% and are now virtually worthless.

British online used car retailer Cazoo Group Ltd (NYSE:CZOO) is on the verge of filing for administration less than three years after listing on the New York Stock Exchange, according to a Sky News report. Valued at nearly $8 billion in August 2021, Cazoo's shares have since collapsed over 99% and are now virtually worthless.