Saturday, November 29, 2008

Fring, iSkoot, Nimbuzz, others in trouble?

Om Malik:

"Regardless of however you spin it, if you are firing 20 percent of your work force and have no real business model to speak of, you are in trouble. That certainly is true of Fring, an Israeli Mobile VoIP startup, which has cut 10 of its 50 employees. CEO Avi Shechter told TechCrunch that his company is doing well. In addition to $13 million it raised in the past, Avi says the company has raised an undisclosed amount of money in its Series C financing."


Anonymous said...

Can't you make money with ads?

Anonymous said...

why can't you? it's not that hard.