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| | | Veoh Finally Calls It Quits: Layoffs Yesterday, Bankruptcy Filing Soon |  |
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Dead
The Sports Guy
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Age : 38
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Registration date : 2008-08-19
 | | Subject: Veoh Finally Calls It Quits: Layoffs Yesterday, Bankruptcy Filing Soon Sun 14 Feb 2010, 4:44 pm | |
| Veoh, one of several well-funded start-ups that have tried and failed to cash in on the Web video boom, is finally calling it quits. The company let go of the remainder of its workforce yesterday, and sources say it plans on filing for Chapter 7 bankruptcy protection in the near future.
Veoh, which started as YouTube-style site, has struggled for years to find a business model that works and has burned through $70 million in funding from name-brand investors like Goldman Sachs (GS), Time Warner (TWX), Intel’s (INTC) venture arm, Spark Capital and former Disney (DIS) CEO Michael Eisner.
http://mediamemo.allthingsd.com/2010...y-filing-soon/ | |
| | | | The Sexy Vixen
Billion Dolla Princess
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Registration date : 2009-03-23
| | Subject: Re: Veoh Finally Calls It Quits: Layoffs Yesterday, Bankruptcy Filing Soon Sun 14 Feb 2010, 10:32 pm | |
| this sucks
i watched alot of my anime on that site.
i guess i'll just continue watching on Anime Shippudden | |
| | | | Did You Miss Her?
Hall Of Famer
Number of posts : 9685
Age : 36
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Registration date : 2008-07-27
| | Subject: Re: Veoh Finally Calls It Quits: Layoffs Yesterday, Bankruptcy Filing Soon Sun 14 Feb 2010, 10:39 pm | |
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