Tuesday, April 21, 2009

Ugobe Folds

The company has filed for Chapter 7 bankruptcy—the kind of bankruptcy that's most like a tremendous meteor—and fired all of its workers. This is sad news for Pleo fans and horrible news for the now-ex-employees, but one part of the report was surprising: Over 100,000 Pleos, which retail at $350, were sold in the last year alone.

Article Link (Gizmodo)

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