Peter Thiel-backed 'anti-woke' bank GloriFi shutting down 3 months post-launch

PayPal Co-founder Peter Thiel-backed GloriFi, which promoted itself as an "anti-woke" alternative to Wall Street, is closing itself down only about three months after it started operating. GloriFi laid off most of its workforce, Wall Street Journal had reported on Monday. The bank had opened in September after raising $50 million and was recently valued at $1.7 billion.