When Mobuzz ran out of cash a few weeks ago and turned to the community to save it – we gamely pitched in our €5! They never made their fundraising target of €120k but did manage to raise a remarkable €33k which the founders thought would be enough to accelerate negotiations with advertisers and keep the company afloat. Now it seems that it just wasn’t enough. There is a message on the Mobuzz homepage which reads:
It is with deep regret that we inform our friends and fans that MobuzzTV has closed officially today.
Click here to read the full text.
Hard luck to the team at Mobuzz – this must be a tough time for all involved.