The Mission-headquartered Embark is laying off 230 workers and exploring options to shut down the company, the firm announced Friday. SF-based tech boom darling Embark lays off 230, winds down ...

Shares of Embark closed down 32.8% lower at $2.56 on Monday, giving the firm a market capitalization of $60 million, compared with the over $5 billion in market value when it went public.

Embark Trucks, the autonomous trucking company that recently cut 70% of its workforce, is being acquired by Applied Intuition, a simulation and software provider for autonomous vehicle development.