Amp’d Files for chapter 11 bankruptcy
We wish we could say we’re surprised — ok fine, we’re always a little surprised when a company files for bankruptcy — but it looks like Amp’d Mobile has filed chapter 11. We know the business has almost 200k subscribers, but apparently the business “couldn’t keep up with the growth” — but since when does growth and consumer interest in an MVNO’s service equal business-rattling financial problems? Sounds like something weird is going on, but remember, chapter 11 just means down, not out. (Unlike the entirely out MobileESPN.) In other words, don’t be surprised if Amp’d gets its business back in order and makes a triumphant return to the market — or, you know, goes out of business entirely. [Warning: subscription req’d for link]
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Original post by Ryan Block
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