Ex-Friendster CEO’s Uber Heads To The Deadpool
Uber , a publishing platform that was cofounded by artist Glenn Kaino and his cousin, former Friendster CEO and NBC West Coast president Scott Sassa, has called it quits. A notice on the site's homepage states that Uber is latest victim of the US's current economic woes, and that the site will shut down entirely on September 29. The direct cause of the shutdown has been attributed to an in-progress funding round that fell through because of investor distress over the economy. Past investors in Uber have included media networks Universal Music Group and Discovery, as well as Sterling Stamos Co-Investors Fund. The site reportedly closed a $7.6 million Series B round in May.
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