Vault.com: the most trusted name in career information

Vault Message Board: Internet

Topic Name: Urban Box offices lays off 200
Message Name: Beginning of the end?
Date Posted: 11/03/2000
Message: I just read that UBO laid off 200 people this week. They were supposed to get a bunch of VC funding but the company pulled its funding out after UBO didn't make the partnerships that it had 'promised'. Is this a bs excuse? Did the VC firm just not want to invest 50 mill in an internet company in this economy? It sounds like UBO could be out of business soon.

Post a Reply to this Message  || Go to the Internet Vault Message Board



Recommend this page to a friend