Monday, June 4, 2007
Amp'd Mobile Implodes: Burns $360 million, Declares Bankruptcy
Amp’d Mobile, a popular Mobile Virtual Network Operator (MVNO), has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware. The company competed with VelvetPuffin, Loopt and Helio in an attempt to deliver a compelling mobile based social networking product to a worldwide marketplace of 2.6 billion cell phone users. According to mocoNews, Amp'd Mobile [...]
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