Habbo Hotel owners to lay off 40 staff – so where's €50m headed now?
According to Sulake the cuts are due to tougher competition online. However some sites are asking where the company’s revenue is actually ending up. According to Arctic Startup Sulake managed to create a one million Euro profit with their €50 million revenue last year. Some bloggers are wondering where that €50m is now going to end up.
Habbo Hotel is a free virtual world for teens and is visited by about about 12 million unique visitors each month and has more than 80 million registered users worldwide. The Finnish IRC-Galleria is the most popular chat site in Finland has about 400 000 registered users.