Perhaps there were some warning signs about used car marketplace Beepi, well before the company abruptly shut down last week after a failed merger. It seems that Beepi once lost nearly $30,000 on a single car, according to research done by rival (and still active) startup Carlypso.

The deal: Beepi apparently purchased a black 2012 Mercedes-Benz CL550 in February 2014 for $78,076. It sold the car more than 540 days later in August 2015 for $48,500—taking a $29,576 loss.

How did this happen? Beepi guaranteed that it would purchase any cars that didn't sell within 30 days after listing, which is how it ended up with the pricey Mercedes to begin with. Carlypso's theory is that Beepi ended up in this mess from a combination of questionable market data and not moving fast enough to adjust the car's price as it was depreciating.

More than this one: Axios had heard from one industry source that up to one-third of the Beepi's cars were sold at a loss, although that may have improved in its final months of operation.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 21,056,850 — Total deaths: 762,293— Total recoveries: 13,100,902Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m ET: 5,306,215 — Total deaths: 168,334 — Total recoveries: 1,796,309 — Total tests: 65,676,624Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health — FDA releases first-ever list of medical supplies in shortage.
  4. States: California passes 600,000 confirmed coronavirus cases.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  7. Politics: Biden signals fall strategy with new ads.

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.