Amp’d Mobile Implodes: Burns $360 million, Declares Bankruptcy

[buzzsaw]

Mobile social networking company Amp’d Mobile has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware.Amp’d Mobile 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 owes $33 million [...]

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[Hell Puppy]

And Helio is hanging on by a shoe string. If they dont get a significant investment from somewhere, they likely dont make it thru summer.

[gonzo]

Poser Mobile is gone?

Where will all the cool kids from the Zoo get their phones now?

[Hell Puppy]

Originally Posted by gonzo

Poser Mobile is gone?

Where will all the cool kids from the Zoo get their phones now?

Plenty of other prepaid options and more coming.

They dont have to worry, you dont have to have a job or credit to get a phone yet. Besides, you can always just walk around with your bluetooth ear piece on, so people think you're cool whether the phone works or not.

[gonzo]

Xbiz does make a great observation....


The filing is significant to the adult industry because Amp’d Mobile Inc. is one of the largest distributors of wireless softcore porn downloads.
Amp’d Mobile Inc. has close to 200,000 subscribers and offers original mainstream video content and games, as well as content from Club Jenna, Playboy Mobile, Show Girlz, Asian Divas, DreamGirls, Suze Randall, Benchwarmer Babes and Motek Import Models.