Answers.com files for Chapter 11 Bankruptcy

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…

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#tangodown Lily Robotics

#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.

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