Universal-Motown artist Erykah Badu tweeted last night that Motown Records had folded and either it's not true or Motown is just not ready to admit it yet...
From Billboard
Although Universal-Motown recording artist Erykah Badu tweeted that "Motown folded" on Wednesday afternoon, top executives at Universal told Billboard.biz that although the label is undergoing restructuring the wake of Sylvia Rhone's departure last month, it is not folding.