Party Over at Amp’d Mobile?

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Amp'd Mobile Implodes: Burns $360 million, Declares Bankruptcy

ampd.bmpAre things really over for Amp’d Mobile? As our sister site at TechCrunch is reporting the word is that the company has burned through $360 million in the last two years, and is now in Chapter 11 bankruptcy. Amp’d had attempted to market mobile phones to the youth market, a sector that has plenty of options. Since in many cases it is the parents footing the bill, maybe the company should have tried to appeal to them instead. The company hopes to restructure its debts, but getting customers to sign up for a mobile plan could require a seriously amp’d pitch!

[via Valleywag]

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