Mobile application provider Motricity to lay off many of its workers
Wherever investor Carl Icahn treads, there’s usually turmoil.
Now, one of his companies, Motricity, a Durham, N.C. provider of mobile content applications for telecom carriers, is preparing to lay off up to 200 of its 650 employees, according to a North Carolina business publication WRAL.
We haven’t… Continue Reading
Once worth $31B, Infospace mobile service sold for $135M
Mobile-content distribution company Motricity has agreed to buy mobile unit of publicly traded InfoSpace for a mere $135 million, an anticlimactic end to one the most bubbly stories ever. InfoSpace was once valued at $31 billion for its mobile web technology.
That was at top of… Continue Reading
Mozes revisited — lets you text favorite bands
Mozes, the Palo Alto company that lets you text-message music bands for information like concert details, venue changes and promotions, had raised $5 million in a first round of venture capital funding.
Mozes’ mission is straightforward, but difficult to carry out. It wants becomes the one… Continue Reading
Motricity, mobile content co., lays off 50 people, despite strong mobile trend
Motricity, of Durham, N.C., which develops mobile content such as games and ring tones for mobile phones, will eliminate 50 jobs as part of a restructuring plan, the company announced in a statement.
Here is some local coverage. The company has raised more than $160 million… Continue Reading