20
Jul
2017
The Money Mafia by The Hon. Paul T. Hellyer
  We are pleased to announce the release of The Money Mafia by the Hon. Paul T. Hellyer, Canada’s former Minster of Transport, former Minister of Defense and Deputy Prime Minister under Pierre Elliot Trudeau. Mr. Hellyer brings decades of geopolitical experience combined with an unbridled compassion for humanity and all peoples to his latest […] Read More
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4
Apr
2017
Mad Catz delisted from NYSE, files for Chapter 7 bankruptcy
dead_cat.jpg Peripheral maker Mad Catz has thrown in the towel after unsuccessfully scouring for (pick one), bank financing, an equity infusion or sale of assets. Apparently after enjoying a fairly solid business as a peripheral and game controller manufacturer during the  Playstation Era, the company tried to expand into publishing with an ill-fated JV with Harmonix to release Rock Band 4. The rest is, as they say, history, but in a more literal and fatalistic sense.... Read More
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31
Mar
2017
Amazon trashes diapers.com, soap.com et al
Screen-Shot-2017-03-30-at-8.10.34-PM-300x279.png Amazon announced today that it will shutdown the entire Quidsi division, which it purchased for $545 million in 2010, citing lack of profitability. The Quidsi division included various retailers, replete with “category killing domain names” like diapers.com and soap.com.   Read More
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7
Mar
2017
Answers.com files for Chapter 11 Bankruptcy
Answer Corp, parent company to Answers.com has filed for Chapter 11 bankruptcy in a maneuver to jettison close to half-a-billion in debt. Top creditors are: Yahoo, Inc. with an unsecured claim of $545,209.34. Taboola, Inc. with an unsecured claim of $411,754.97. Facebook with an unsecured claim of $295,000. Don Morrison, former vice president of Foresee, with a severance claim of $217,000. Amazon Web Services, Inc. with an unsecured claim of $200,000. This on the heels... Read More
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2
Mar
2017
#tangodown Lily Robotics
After collecting pre-orders from approximately 60,000 customers, autonomous camera drone maker Lily Robotics has declared bankruptcy and is shutting down. The company is looking for a buyer for it’s intellectual property and claims it will refund all pre-orders. Lily Robotics raised $15M in funding and took in over $38M in pre-order cash. Read More
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2
Mar
2017
Ola raises $300 million in a down-round
India’s Uber-wanna-be for cabs, Ola capitulated and took $300 million from existing hostage investor, Softbank at a $3.5B valuations, after 6 months of unsuccessfully scouring for $500M at a $5B valuation. They’ve raised $1.2B to date. Read More
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