Amp’d Mobile is most likely shutting down today, July 31, and a list of assets for sale shows where the $360 million in VC went that caused the MVNO to file for Chapter 11. Of course, there’s the additional $100 million Amp’d owes Verizon, but that’s beside the point. It seems a big chunk of change went towards the production of porn, which is prevalent when zooming through the Amp’d catalog. It’s soft-core at best, but you don’t exactly see other carriers offering such risqué content now do you?
UPDATE – We’re getting word that it may or may not have been porn. TC writes:
A correction printed at Venture Beat notes that these might not have been DVD’s, but some sort of X rated content Amp’d produced, they look like DVD’s and certainly we are unwilling to repeat the names of them here to prove the point. Aside from the still very valid questions about how Amp’d blew $360million in funding and ran up $100million in debt, there are now some interesting questions as to why a company primarily marketing to teens was producing X-Rated content.
It’s also been reported that the Amp’d CEO was gallivanting around in a black helicopter at the company’s expense as well as being extremely lax on credit checks for customers just to boost numbers. Pretty sure Adderton is screwed out of any upcoming jobs.