The once immensely hyped and heavily-funded video company Joost continues its unceremonious journey to the deadpool.
TechCrunch Europe has learnt that the startup, famously co-founded by Skype founders Janus Friis and Niklas Zennström, put its UK subsidiary into liquidation at the beginning of this month. The reasons that are given are not all too surprising: the liquidator says the company has “failed to sustain a significant share of the internet video industry and was unable to address this effectively through a re-positioning of its services.”
We’ve also learnt that the office furniture of Joost UK Limited, registered in England and Wales with number 05821718, has apparently already found its way to another startup, namely Songkick (also based in London).
